ExxonMobil will spend $500,000 a year over the next two years to Americans for Carbon Dividends, a political action group led by former senators John Breaux and Trent Lott, the Wall Street Journal reports.
The group advocates for a so-called carbon tax and dividend. The tax component would set a price on the carbon emissions. Bigger emitters would pay more. The dividend component would return the pot of money collected equally to American taxpayers, to avoid accusations of government money-grabbing.