The following is the statement given by American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson on recent calls for a carbon tax.
“Imposing a carbon tax would go directly against President Trump’s commitment to create American jobs and an ‘America First’ policy by driving investment, energy development and jobs overseas, and would hurt those who can least afford increased energy costs the most. Furthermore, the notion that a carbon tax would be returned directly to American taxpayers in the form of a rebate is naïve, and I’m confident that President Trump understands the negative impacts this tax would have throughout the economy.”
AFPM is a national trade association representing more than 400 companies that encompass virtually all U.S. refining and petrochemical manufacturing capacity.
