Sentences with phrase «upstream fuel producers»

Not exact matches

Here's how it might work: Next year and in each year thereafter, Congress would set an overall cap on fossil fuels extracted by upstream energy producers, which David A. Weisbach of the University of Chicago Law School identifies as «fewer than 3,000 entities» — petroleum refiners, coal mines and domestic natural gas processors — «plus imports at a few locations.»

The most straightforward form of carbon pricing is a carbon tax, which, in its simplest version, imposes a fee on every ton of carbon that enters the economy («upstream,» on fossil fuel producers and importers, as opposed to «downstream,» on fossil fuel consumers).

This could be done with a simple upstream cap - and - trade system in which all of the needed allowances are sold (auctioned)-- not given freely — to fossil - fuel producers and importers, and a very large share — say 75 % — of the revenue is rebated directly to American households through monthly checks in a progressive scheme through which all individuals receive identical payments.