Carbon auctions, gas prices: Figures aren’t oil company profits

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Thanks for mentioning our estimates of the impact of the tax on carbon dioxide emissions in your recent editorial (“Why we’re buying carbon emissions by the ton,” The Herald, Nov. 10). To be clear, the Washington Policy Center didn’t come up with the numbers. We simply applied the calculation used by the state of California when estimating the impact of their cap-and-trade system on gas prices and used the current allowance price in Washington. This is a standard formula. We simply applied it.

Carbon auctions, gas prices: Figures aren’t oil company profits
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