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2018年12月17日 星期一

Overnight Energy: Oil giant supports carbon tax push | Poll finds majorities in both parties back Green New Deal | NJ moves to rejoin regional climate pact

 
 
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CONOCOPHILLIPS BACKS CARBON 'DIVIDENDS' PROPOSAL: Oil and natural gas giant ConocoPhillips Co. is backing an effort to impose a tax on carbon dioxide emissions.

The company is pledging $2 million over the next two years to Americans for Carbon Dividends, an advocacy group that pushes a carbon tax, starting at $40 and rising thereafter, as part of a plan developed by the Climate Leadership Council (CLC) and its leaders, former Republican secretaries of State James Baker III and George Shultz.

ConocoPhillips, the nation's second largest oil producer, is also joining the Climate Leadership Council. Exxon Mobil Corp., the country's largest oil company, joined the effort in October, and BP and Royal Dutch Shell were already onboard.

Under the Baker-Shultz plan, all of the money brought in from the carbon tax would be distributed back to taxpayers as "dividends." Axios first reported on ConocoPhillips joining.

"We are pleased to now join the CLC to continue the dialogue around carbon price policy development in the United States," ConocoPhillips chief Ryan Lance said in a statement.

And another prominent backer: The World Wildlife Fund also joined the Climate Leadership Council, Axios reported.

"It's about opening up spaces where we can actually have conversations with all the players that are going to be part of the decision to get us on a different trajectory," Lou Leonard, a senior vice president at the wildlife group, told Axios.

Read more on the effort here.

 

Happy Monday! Welcome to Overnight Energy, The Hill's roundup of the latest energy and environment news. Please send tips and comments to Timothy Cama, tcama@thehill.com, and Miranda Green, mgreen@thehill.com. Follow us on Twitter: @Timothy_Cama, @mirandacgreen, @thehill.
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POLL FINDS SUPPORT FOR GREEN NEW DEAL: More than 80 percent of registered voters support the Green New Deal proposal being pushed by progressive Democratic lawmakers, a new poll found.

The survey conducted by the Yale Program on Climate Communication and the George Mason University Center for Climate Change Communication found that 92 percent of Democrats and 64 percent of Republicans back the Green New Deal plan.

The organizations behind the poll explained poll-takers avoided mentioning to respondents which representatives were backing the New Green Deal to prevent injecting bias.

Progressive Democrats like Rep.-elect Alexandria Ocasio-Cortez (N.Y.) and Rep. John Lewis (Ga.) are some of the loudest voices behind the idea, which has been backed by only Democratic lawmakers back so far.

"Other research has shown that people evaluate policies more negatively when they are told it is backed by politicians from an opposing political party. Conversely, people evaluate the same policy more positively when told it is backed by politicians from their own party," the poll takers wrote in a blog post explaining its results.

"Therefore, these findings may indicate that although most Republicans and conservatives are in favor of the Green New Deal's policies in principle, they are not yet aware that this plan is proposed by the political Left."

Read more.

 

LIME HIRES CAROL BROWNER: Lime, the scooter and bike sharing company, is brining on former Environmental Protection Agency (EPA) chief Carol Browner as an adviser for sustainability.

The company said Monday that Browner, who was EPA chief throughout President Bill Clinton's time in office and a climate adviser to President Barack Obama, will work closely with Andrew Savage, its incoming vice president of sustainability.

"If we are serious about addressing the carbon pollution that contributes to climate change we need dedicated and smart businesses like Lime offering creative solutions," she said in a statement from the company.

"I am proud to join Lime as its first sustainability-focused advisor and look forward to working with the team to meet our sustainability objectives and inspire others to take action."

Lime recently launched Lime Green, an initiative with the goal of charging its fleet entirely with renewable energy and making its other operations carbon neutral. Browner will be focusing on that initiative.

 

NJ MOVES TOWARD REJOINING CARBON PACT: New Jersey Gov. Phil Murphy (D) announced Monday that the state will rejoin a region-wide carbon cutting initiative after having pulled out under former Gov. Chris Christie (R).

The Garden State will once again become a partner of the Regional Greenhouse Gas Initiative, made up of Mid-Atlantic and New England states focused on reducing energy emissions through a cap-and-trade auction process. Other member states include Delaware, Connecticut, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.

"Climate change and sea-level rise affect every one of us," Murphy said on Monday. "From Superstorm Sandy to the powerful nor'easters and devastating flooding this year, it is imperative that New Jersey reclaim its leadership role in fighting back."

New Jersey was a charter member of the partnership, but Christie withdrew the state's membership in 2012.

Read more.

 

OUTSIDE THE BELTWAY:

Qatar Petroleum is planning a $20 billion investment into the United States, Reuters reports.

New York Gov. Andrew Cuomo (D) is calling for his own version of a Green New Deal, which would make the state's electricity mix carbon-neutral by 2040, the Buffalo News reports.

A new study found "alarming" levels of certain harmful chemicals inside turtles around the Great Barrier Reef, the Guardian reports.

 

IN CASE YOU MISSED IT:

Check out stories from Monday and the weekend ...

- Poll: Majorities of both parties support Green New Deal

- ConocoPhillips backs carbon tax plan

- Nations agree on rules for implementing Paris climate accord

- Zinke blames 'false' attacks in resignation

- Dems, environmentalists cheer Zinke's departure

- Interior chief Zinke to leave administration

 
 
 
 
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On The Money: Latest on border wall fight | Dems prep for long shutdown | Trump finds himself isolated | Stocks sink ahead of Fed meeting, funding deadline | Trump offers new round of farm aid over trade

 
 
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Happy Monday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.comvneedham@thehill.comnjagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis.

 

THE BIG DEAL--Trump isolated as Dems prep for holiday shutdown: President Trump is finding himself increasingly isolated less than a week ahead of a potential government shutdown, as even members of his own party admit that he has backed himself into a corner with his demands for $5 billion in funding for a wall on the Mexican border. 

"Everybody is looking to him for a signal about what he wants to do, and so far it's not clear," Sen. John Cornyn (R-Texas) said of the president.  

Trump's declaration last week that he would be "proud" to shut down the government to secure $5 billion for his border wall emboldened Democrats.

Few Republicans will criticize Trump on the record, but behind the scenes there is frustration that he has weakened the GOP's negotiating position with Democrats. There is also a sense that Trump might not be worried about the fallout for his party if his own supporters delight in his fighting with Democrats.

"Trump will get the blame, but he won't care," one GOP lawmaker told The Hill. "And the base will love him for it." The Hill's Niv Elis tells us why here.

 

Meanwhile, Democrats are digging in for a prolonged shutdown, refusing to cede ground on border wall funding.

"We're making contingency plans for a long-term shutdown," said one Democratic House aide, who pointed to the possibility that the partial government shutdown would last into the beginning of the new Congress, when Democrats will take over the House majority.

"If the shutdown goes until Jan. 3, we'll bring up a funding bill," the aide said.

Senate Minority Leader Charles Schumer (D-N.Y.) on Monday also said there has not been any talk with Trump or GOP leaders on how to avoid a government shutdown, adding that Senate Republicans have "no idea what President Trump wants."

Schumer said he and Pelosi are still waiting to hear back on the offer they made to Trump last week: either a one-year stop-gap funding bill for the Department of Homeland Security or a one-year stop-gap for the seven unfinished appropriations bills, which cover nearly 25 percent of the federal government.

Democrats, after they take the House majority, would likely be able to pass a bill funding the government with no money for Trump's wall. Republicans would hold the majority in the Senate, and it's unclear what they'd do since they would need some Democratic votes to overcome a filibuster in that chamber.

 

LEADING THE DAY

Stocks sink ahead of Fed meeting, shutdown deadline: U.S. stocks fell sharply Monday amid mounting concerns about the state of the global economy and a likely Federal Reserve rate hike this week.

The Dow Jones Industrial Average closed 507 points lower Monday, a 2.1 percent loss, while the Nasdaq Composite dropped 2.3 percent.

The Standard & Poor's 500 index slumped 2.1 percent to a new 2018 low, while the small-cap Russell 2000 index crossed into a bear market -- a 20-percent drop from its most recent peak.

Monday's sell-off was a foreboding start to a pivotal week for the battered U.S. stock market, which has dropped steadily throughout the second half of 2018.

The Fed on Wednesday is likely to hike interest rates for the fourth time this year, and the federal government must act by Friday to avoid a partial government shutdown. 

Trump, who fiercely opposes raising interest rates, on Monday ramped up his criticism of the Fed and its chairman, Jerome Powell.

The president said it would be "incredible" for the Fed to hike rates as France is roiled by protests and China frets over slumping economic growth.

"Take the Victory!" Trump tweeted.

Trump has blasted the Fed and Powell for steadily raising interest rates during his term. While most Republicans approve of the Fed rate hikes, Trump has openly pushed the bank to keep rates at low, stimulatory levels despite strong U.S. employment.

While the U.S. economy remains steady, a growing number of economists see warning signs of an impending slowdown. Those concerns are due in part to the deepening costs of Trump's tariffs and retaliatory taxes imposed on U.S. goods.

 

Trump announces second round of farm aid to offset trade damage: President Trump on Monday announced his administration was planning to disperse a second tranche of aid as part of a $12 billion package meant to assist American farmers stung by retaliatory trade measures enacted by China and other foreign governments. 

"Today I am making good on my promise to defend our Farmers & Ranchers from unjustified trade retaliation by foreign nations," Trump tweeted. "I have authorized [Agriculture] Secretary [Sonny] Perdue to implement the 2nd round of Market Facilitation Payments. Our economy is stronger than ever–we stand with our Farmers!"

The Trump administration announced in July it was dispersing $12 billion in aid to farmers amid escalating trade disputes with China, Mexico, Canada and the European Union (EU). The administration said it would dole out the first $6 billion in August.

Reuters reported earlier in December that the second tranche of aid had been delayed by the administration.

The $6 billion that was dispersed in August included about $4.7 billion to producers of corn, cotton, dairy, hogs, sorghum, soybean, and wheat.

 

GOOD TO KNOW

  • A coalition of progressive organizations are launching an effort to push House Democratic leadership to appoint several notable liberal lawmakers to key committees with jurisdiction over economic issues.
  • A U.S. company is investigating after an Associated Press report that Muslim detainees in Chinese internment camps are making some of its products.
  • Outstanding student loan debt in the U.S. hit an all-time high of nearly $1.5 trillion in November, according to a Bloomberg analysis.
  • U.S. and Chinese officials clashed Monday during a review of U.S. trade policy in Geneva.
  • Malaysia filed criminal charges Monday against Goldman Sachs and two ex-employees of the bank in an alleged money laundering and corruption scheme tied to a state-owned fund, Reuters reported.
  • Kathy Kraninger faces a slew of daunting challenges as the new director of the Consumer Financial Protection Bureau (CFPB). Here are five issues that could define the start of her tenure.

 

ODDS AND ENDS

  • Speaker Paul Ryan's (R-Wis.) office on Monday released a trailer for an upcoming series focused on his efforts to pass tax reform.
  • A report prepared for the Senate Intelligence Committee's probe into Russia's online disinformation campaigns aimed at U.S. voters accused Facebook, Google and Twitter of impeding the investigation.
 
 
 
 
 
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SearchCap: Google Posts traffic changes, Google China, ABM metrics

 


 
Featured story
 

Report: Google's Chinese search project 'Dragonfly' ends (for now)

 

Dec 17, 2018 by Greg Sterling

A combination of internal and external pressure has apparently prevented the project from going forward.

 
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Google Posts decline in traffic leave many to wonder if strategy is worth the time
  Dec 17, 2018 by Joy Hawkins

After Google Posts moved to the bottom of the Knowledge Panel in September, many are reevaluating the strategy as low-impact.

 
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  Dec 17, 2018 by Search Engine Land

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All the ABM metrics to measure for your quarterly reporting
  Dec 17, 2018 by Sponsored Content: Terminus

You know the drill. The end of the quarter rolls around, so you dust off your go-to spreadsheets and dashboards. It's once again time to distill three months' worth of marketing into one quarterly report. But this time, something is different. You've been working with your sales team on a list of target accounts, and […]

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Agencies looking to win over new CMOs should connect within 3 to 12 mos. of their start dates
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How marketing and sales alignment can better drive the buyer journey
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Move beyond a siloed approach to marketing and you stand to improve the ROI of your efforts while evolving your organization.

YouTube crowns Amazon with top ad, OMD as top media agency of 2018
Dec 17, 2018 by Amy Gesenhues

YouTube ranked its top ads for the year based on organic and paid views, watch time and audience retention.

Bridging the gap between IT and marketing to improve martech collaborations
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While marketing and IT will always have team-specific objectives, both care about maximizing martech investments.

5 techniques to make free shipping pay off in the holiday season and beyond
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Rethink your free shipping offers to better align with larger business goals.


 
 

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