Bipartisan Climate Fee Backers to Plant Flag During Lame Duck

A small group of Democratic and Republican House members plans to introduce a carbon tax bill this week, the first bipartisan climate legislation in a decade.

While it has virtually no chance of moving during the lame-duck session of Congress, the bill could be a starting point for climate legislation after Democrats assume House control in January.

According to a bill summary obtained by Bloomberg Environment, the measure would apply a $15-per-metric-ton carbon fee to the U.S. oil, gas, and coal industries, but rebate all of the revenue as a dividend to households to shield them from increased ...