POPE FRANCIS, BIG OIL BACK CLIMATE CHANGE POLICY CRITICS CALL ‘A LARGE TAX INCREASE’

The Daily Caller | 6/14/2019 | Staff
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The Vatican joined oil companies, investors and environmentalists in signing a statement endorsing “carbon pricing” and so-called “climate disclosures” to shareholders.

Addressing the meeting Friday, the pope called for a “radical energy transition” to lower carbon dioxide emissions and fight global warming. He met with oil companies in 2018 over climate change.

Earth - System - Humanity - Whole - Statement

“Undeniably, the Earth is a single system and humanity is a single whole,” reads the joint statement signed by oil and gas executives, activist investors and environmentalists, which was obtained by Axios.

The letter calls for “large-scale action” and technological innovation to keep global warming below 2 degrees Celsius, which is the goal of the Paris climate accord. Signatories agreed any carbon price should be high enough to change business and consumer behavior, but also assist “those who are least able to pay.”

Pope - Francis - Energy - Representatives - End

Pope Francis addresses energy representatives at the end of a two-day meeting at the Academy of Sciences, at the Vatican, June 14, 2019. Vatican Media/Handout via REUTERS.

Pope Francis addresses energy representatives at the end of a two-day meeting at the Academy of Sciences, at the Vatican, June 14, 2019. Vatican Media/Handout via REUTERS.

Carbon - Tax - Proposals - US - Dividend

Carbon tax proposals pushed in the U.S. sometimes have a “dividend” that’s paid out to families to offset higher energy...
(Excerpt) Read more at: The Daily Caller
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