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🗞️ Driving the news: Fossil fuel companies BP and Shell reportedly influenced the drafting of UK carbon tax proposals, according to internal documents released by a U.S. congressional committee
• These documents indicate that the companies had significant input into a report by the Policy Exchange think tank, which was later utilized to support government policies on carbon pricing

🔭 The context: Policy Exchange, known for its right-wing affiliations and financial ties to the fossil fuel industry, produced a report that mirrored the carbon taxing approach favored by its sponsors, including BP and Shell
• This approach has been criticized as a potential industry smokescreen to continue fossil fuel exploitation under the guise of carbon management

🌍 Why it matters for the planet: The involvement of fossil fuel companies in shaping policies intended to mitigate climate change raises concerns about the effectiveness and sincerity of such measures
• Critics argue that this influence represents a form of greenwashing, allowing these companies to appear environmentally responsible without making substantial changes to their operations

⏭️ What's next: The controversy highlights ongoing debates about the role of carbon pricing in climate policy and the influence of the fossil fuel industry in shaping these policies
• This could impact future legislation and public trust in measures purported to address climate challenges

💬 One quote: "While the BBC launders Policy Exchange as ‘centre right’, and the charities so-called regulator sits on its hands, the revealed reality is that Policy Exchange is acting like a front for the oil and gas industry,” says Jolyon Maugham, director of the Good Law Project

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