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Having worked with businesses for the past 20 years on voluntary commitments, I can speak from experience that this is true. Only policy changes will create sustained changes to business practices. By creating clear policies are enabling businesses to do what they do best in a level playing field. But this is not only about what businesses should NOT being doing, it is about incentivizing them to what we want them to do. Look at the tremendous burst of activity, innovation, and investment the Inflation Reduction Act has sparked.

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100%!!!

Chief Scientific Officer of Exxon knew in late 70s about harmful effects of fossil fuels and was ready to take action. Same with other oil company leaders. Then they got politicians of a certain party to "collaborate" by realizing that since no one could predict precisely what would happen when, as opposed to knowing big picture directionality, they could cast doubt on predictions and delay delay delay. Until the present day.

We need Congress to wake up and pass legislation that sunsets fossil fuel subsidies and gives tax incentives to companies that take real action vs. soft commitments.

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Hi Mr. Tercek, thanks for your latest post. I'm curious, why don't you simply come out and say we need a national price on carbon with a border tariff. It solves all the challenges you've presented. We really shouldn't be sheepishly dancing around this solution, we should be jumping up and down as loud as we can everywhere we go, especially in posts like yours. I can't believe the damage we are doing to the planet, as if everything is fine. The longer we wait the more expensive this all gets. Sincerely.

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