MIRANT Sues in Challenge to Montgomery County Carbon Tax

MIRANT Sues in Challenge to Montgomery County Carbon Tax

June 3, 2010 05:22
by J. Wylie Donald

"First in the nation" touts one website. Another speaks of the "kickstart ... to a low-carbon future." Montgomery County, Maryland has leaped over the gridlock in Washington and passed a tax of $5 per ton from any stationary source emitting more than a million tons of carbon dioxide per year. One web site quotes the bill's sponsor: "This is a chance for us to lay claim to a revenue stream and clean up after a polluter at a time when we are under financial constraints." (click here)

There is no dissembling here. Two points come through loud and clear: 1) carbon dioxide is being lumped in with PM10, NOx and SOx, mercury and all the other things that might go up a stack; and 2) a new revenue stream has been found and tapped.

Carbon Dioxide | Climate Change

Comments are closed

McCARTER & ENGLISH CLIMATE CHANGE AND RENEWABLE ENERGY PRACTICE GROUP

The business case for the development of renewable energy projects, from biodiesel and ethanol to wind, solar, and distributed generation, is more compelling than ever as tax and regulatory incentives combine to attract investments. Emerging issues in environmental law and increasingly recognized principles of corporate social responsibility are encouraging public companies to voluntarily reduce greenhouse gas emissions, install clean energy alternatives, and invest overseas in projects under the Kyoto Protocol to respond to climate change concerns.

Click here for more information and a list of our group members.

MONTH LIST

© 2018 McCarter & English, LLP. All Rights Reserved. disclaimer
navbottom image