Sounds like a great idea! I wonder what the loop holes are, and how big they are, and how the oil companies will turn this to their profit
On Thursday, Rep. Jim McDermott (D-Wash.) introduced a bill that would force fossil fuel producers to pay for their carbon dioxide emissions. It is the latest attempt by Congress to put a price on carbon.
The Managed Carbon Price Act of 2012 (MCP) would grant the U.S. Treasury Department authority to issue permits representing one-quarter ton of CO2. Unlike the cap-and-trade legislation that failed in the Senate in 2009, the MCP does not allow permits to be traded. Rather, they can only be purchased or refunded from Treasury.