A group of nearly a dozen multinational corporations is backing a plan from senior Republican statesmen to replace President Obama’s greenhouse-gas regulations with a carbon tax.
The coalition of former GOP officials — which includes three former secretaries of the Treasury, James A. Baker, Henry Paulson and George P. Shultz, and calls itself the Climate Leadership Council — made headlines in February when it proposed eliminating nearly all Obama-era climate policies in exchange for a tax on carbon emissions starting at $40 per ton.
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