Big Oil Kills Carbon Initiative in Washington State

https://www.rollingstone.com/politics/politics-news/washington-state-carbon-initiative-vote-752961/?fbclid=IwAR2wVVKrRo97y_LJC5TLTHOztDAb9SO8Dl5V9OuuEexAUjF4gFdTLZ_DphY
"Last night in Washington state, Big Oil bought another election and pushed the world a little deeper into climate chaos. What else is new? Big Oil’s victory came on Initiative 1631, which sought to put a small fee on carbon pollution in the state. It lost by a significant margin, 56 percent to 44 percent. The Initiative was hardly a fossil-fuel killer. In fact, it was distressingly modest: It would put a price on carbon pollution that starts at $15 per ton in 2020 and rises $2 a year until 2035, where it would reach around $55. If state carbon targets are being reached, it would stay there; if not, it would continue upward. This modest fee (don’t call it a tax!) is far below what most economists believe is necessary to really have a transformative impact on our energy system, especially in a state like Washington, which has a lot of clean hydro power, but it was a start."