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Nuclear, renewable firms fund new group pushing carbon tax

The Exelon Byron Nuclear Generating Stations running at full capacity in Byron, Illinois
The Exelon Byron Nuclear Generating Stations in Byron, Illinois. Photo: Jeff Haynes/AFP via Getty Images

A bipartisan pair of former congressional leaders, backed by corporate money, are launching a seven-figure advocacy and lobbying group in support of a carbon tax.

Why it matters: It’s a pivotal step bolstering an initiative, first launched last year by conservative leaders from earlier GOP administrations, pushing a carbon tax in which its revenue is returned back to most Americans in the form of dividend checks. Tuesday’s announcement comes one year after four global oil companies announced support for the plan.