Hartford Business Journal

March 20, 2017

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4 Hartford Business Journal • March 20, 2017 www.HartfordBusiness.com w w w. H a r t f o r d B u s i n e s s . c o m (860) 236-9998 E D I T O R I A L Greg Bordonaro Editor, ext. 139 gbordonaro@HartfordBusiness.com Gregory Seay News Editor, ext. 144 gseay@HartfordBusiness.com Matt Pilon News Editor, ext. 143 mpilon@HartfordBusiness.com John Stearns Staff Writer, ext. 145 jstearns@HartfordBusiness.com Patricia Daddona Web Editor, ext. 127 pdaddona@HartfordBusiness.com Stephanie Meagher Research Director Heide Martin Research Assistant B U S I N E S S Joe Zwiebel President and Publisher, ext. 132 jzwiebel@HartfordBusiness.com Donna Collins Associate Publisher, ext. 121 dcollins@HartfordBusiness.com Allison Williams Office & Sales Coordinator, ext. 122 awilliams@HartfordBusiness.com Amy Orsini Events Manager, ext. 134 aorsini@HartfordBusiness.com Kaleigh Hickey Events Coordinator, ext. 137 khickey@hartfordbusiness.com Jaime Rudy Sales Director, ext. 124 jrudy@HartfordBusiness.com David Hartley Sr. Accounts Manager, ext. 130 dhartley@HartfordBusiness.com William C. 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Box 330, Congers, NY 10920-9894 www.copyright.com the tax, going so far as to request that the Environment Committee suspend its rules and remove it from a public hearing agenda (which didn't happen) for fear that news of the proposal could damage the state's reputa- tion and worry business stakeholders inside and outside of Connecticut. "What I worry about is Connecticut's con- tinued focus … on this issue at a time when we're already the least competitive state with regard to energy costs in the country," said CBIA lobbyist Eric Brown. "I'm more wor- ried about what signal this sends to the busi- ness community in Connecticut, one that is already strained." Brown also said he doubts actions by Con- necticut or several states alone will be enough to address the planet's warming climate. State Sen. Ted Kennedy Jr., (D-Branford) co-chair of the Environment Committee, said concerns about energy costs are legitimate, but a carbon tax, which is gaining political momentum, is worth discussing. "This is not, I think, a [fringe] idea," Ken- nedy said. "There may be some merits to this and that's the reason for having a public hear- ing today." Kennedy noted that a group of Republi- cans, including former Secretary of State James Baker and former U.S. Treasury Sec- retary Henry Paulson, recently called on the Trump administration to pass a federal car- bon tax. The so-called Climate Leadership Council, which says a carbon tax is a mar- ket-based solution to climate change, wants a $40-per-ton tax, with taxpayer dividends similar to those in Connecticut's proposal. "It can unite Democrats and Republicans, market-oriented people, and socially or com- munity-oriented people," said Barrett, the Massachusetts lawmaker. "It's an approach that can fight climate change without creating the normal divisions we see." The Climate Leadership Council's timing may seem peculiar, given that President Don- ald Trump's Environmental Protection Agen- cy Administrator Scott Pruitt has questioned climate-change science and, as governor of Oklahoma, sued the federal government over Obama's carbon-reducing Clean Power Plan. For some, the state bills reflect doubt that the Trump administration will consider tax- ing carbon. "The states are kind of where the action is on a lot of these issues in my view," Kennedy said. Congressman Larson said he doesn't think there will be a rush of Republican sup- port anytime soon for a federal carbon tax. "[Republicans] are for the most part in denial about climate change," Larson said. n Carbon Tac G o l d S p o n s o r s : M e d i a P a r t n e r : P r o d u c e d B y : E v e n t P a r t n e r s : P r e s e n t e d B y : P l a t i n u m S p o n s o r s : 2017 F o r m e r ly C T B u s i n e s s e X P o Summit Exhibitor bEnEfitS Build your brand and gain professional exposure Generate new business opportunities Gain access to over 3,000 key decision makers and C level executives ( B a s e d o n 5 y e a r av e r a g e ) c t b u s i n e s s s u m m i t. co m June 8 at the CT Convention Center, Hartford Expanded with Executive focus including three anchor events: two Keynote Speakers and 16 Executive Power talks. 3. Afternoon 1. breakfast 2. Luncheon CT DEEP's GreenCircle Awards now in its 16th year! Reserve your booth now and join over 150 exhibitors at the largest B2B event in New England. Contact summitbooths@hartfordbusiness.com or 860.236.9998 x122 to reserve your booth

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