Letter: Return carbon fee money to the people

(Jacob Ford | Odessa American | AP) In this June 11, 2019, file photo a pump jack operates in an oil field in the Permian Basin in Texas. Energy stocks slipped on falling oil prices during the second quarter as global demand weakened and investors grew increasingly worried about economic growth. The costly trade war between the U.S. and China escalated during the quarter and the U.S. threatened to expand trade disputes to Mexico. That rattled investors who were dealing with an already volatile market and hoped for some kind of resolution. Economists agree that putting a price on carbon is an essential first step to reducing greenhouse gas emissions and slowing climate change. However, he further asserts – without evidence – that giving the tax back to the people is “a prescription for failure.”

…