Sky Protector – Briefing Paper 6

BIG OIL’S CARBON TAX FRAUD and U.S. CARBON PRICING

INCREASE FRACKING and GLOBAL WARMING

This is not a joke. This is a real U.S. government CARBON TAX CREDIT form.

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Putting a price on pollution called “carbon pricing” or a “carbon tax” is supposed to be the lead solution to climate change. However, the Trump administration and the United States are ALREADY doing carbon pricing, NOT to cut emissions, but to give Big Oil a multi-billion-dollar carbon tax break to extract oil. Big Oil is using this carbon tax break to INCREASE fracking, oil drilling, and burning fossil fuels. The carbon tax credit actually is “the single biggest subsidy to the fossil fuel industry in the United States.” The carbon tax break allows Big Oil to turn climate change into climate chaos and laugh all the way to the bank. A classic example of climate capitalism, Big Oil’s carbon tax fraud shows that carbon pricing is NOT a solution to climate change because it lets polluters pollute, profit and make global warming catastrophic.

All these oil companies love the carbon tax, carbon pricing x and  carbon  markets promoted by Trump, the Paris Agreement and California’s Global “Climate Action” Summit because they are false and fake solutions to climate change.xiv Carbon trading by any name greenwashes climate villains and lets them off the hook as they Sell the Sky.

Why does the carbon tax fraud increase fracking?

This carbon tax break for Big Oil is based on a dangerous, geoengineering, false solution to climate change called Carbon, Capture, Use and Storage (CCUS). CCUS lets Big Oil burn fossil fuels; CAPTURE and STORE the resulting CARBON dioxide; get a huge carbon tax break; USE the carbon dioxide to frack and drill for oil; burn the fracked gas and oil; and pollute more in an endless cycle of climate disasters and devastation.  Big Oil and the U.S. government say CCUS is “clean energy” and a solution to climate change, but really CCUS incinerates the climate.

CARBON CAPTURE, USE AND STORAGE

  1. Extract and Burn Fossil Fuels.
  2. CAPTURE CARBON Dioxide (CO2).
  3. STORE explosive CO2 in earth or sea.
  4. Profit with CARBON TAX BREAK for captured CO2 up to $50 a ton.
  5. USE CO2 with water and up to 500carcinogenic
  6. FRACK with CO2-water-chemical
  7. Extract oil CO2-water-chemical
  8. Profit from fracked gas and oil.
  9. Pollute and Profit from carbon
  10. Repeat

Big Oil is NOW Carbon Neutral

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