ACS Endorses Energy Innovation and Carbon Dividend Act
February 28, 2022
The Honorable Theodore Deutch
United States House of Representatives
Washington, DC 20510
Dear Representative Deutch:
On behalf of the American Chemical Society, it is my pleasure to endorse H.R. 2307, The Energy Innovation and Carbon Dividend Act. ACS represents over 150,000 chemists and chemical engineers and is among the nation’s oldest and largest professional scientific societies.
Addressing the global climate crisis is a priority for ACS. Chemists are at the vanguard of efforts to research and understand our changing climate, and ACS advocates strongly for addressing the many negative consequences to growing greenhouse gases (GHG). Atmospheric carbon dioxide (CO2) concentrations are increasing at a rate never observed before, primarily due to emissions from fossil fuel combustion. Extreme weather and related events, such as floods, droughts, hurricanes, heatwaves and wildfires, are increasing in frequency and intensity threatening Americans’ physical, social, and economic well-being. Continued uncontrolled GHG emissions will compound the effects and risks of climate change well into the future.
H.R. 2307 represents a simple and straightforward approach to reducing GHG emissions by setting a price on CO2 to allow the marketplace to mitigate and appropriately account for costs associated with global warming. By returning collected fees to taxpayers and consumers in the form of dividends, The Energy Innovation and Carbon Dividend Act will minimize the economic impact on taxpayers.
ACS applauds your initiative in taking on this critical challenge for humanity and looks forward to working with you to secure its passage. Please do not hesitate to reach out to me, or Carl Maxwell (c_maxwell@acs.org) should you have any questions.
Sincerely,
Anthony Pitagno
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