Hannon Armstrong: Keep Promoting Carbon Price

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Hannon Armstrong's CEO, Jeffrey Eckel expressed his support for a carbon price in the company's most recent annual report.

"I have been a student of energy policy for 40 years, and it is time to do the one thing that we have failed to do: put a price on carbon. And then, dividend the resulting tax receipts to U.S. citizens. Friedman’s only concern about taxing things like carbon was the unintended consequences and costs of government getting the proceeds. With a Carbon Tax and Dividend, the economists get the program they want, U.S. citizens get cash rebates, and we all benefit from reduced risk of climate change." [1]

Eckel went on to promote a national carbon price on the television show, Mad Money. [2] As shareholders in Hannon Armstrong, we support the company's expressed support of a carbon fee and dividend, which will help Hannon Armstrong's bottom line and the planet. We encourage the company to specifically endorse the bipartisan Energy Innovation and Carbon Dividend Act to help move the U.S. towards a cost effective climate solution. [3]

 

[1] http://investors.hannonarmstrong.com/Cache/1001251837.PDF

[2] https://www.msn.com/en-us/news/us/hannon-armstrong-ceo-its-time-we-price-carbon-its-never-been-done/vp-BBVMc6I

[3] https://energyinnovationact.org/endorse/