The UN wants to raise the price of everything by collecting a carbon tax on shipping. The U.S. is working to stop them.
The International Maritime Organization is about to vote on a new “net-zero framework,” which would take the form of a tax paid by shippers into a gigantic UN climate fund.
For UN bureaucrats, this would mean a long-held dream come true.
The UN depends on grants from member nations for funding. Asserting a new UN power to levy taxes on the world would mean a tremendous expansion of UN authority, not to mention many billions for the UN to spend and redistribute as our would-be global masters see fit.
The Trump administration said in a press release that America “unequivocally rejects this proposal before the IMO and will not tolerate any action that increases costs for our citizens, energy providers, shipping companies and their customers, or tourists. The economic impacts from this measure could be disastrous, with some estimates forecasting global shipping costs increasing as much as 10% or more.”
The Wall Street Journal pulled no punches writing that “this is another income redistribution scheme for whatever ideas the U.N. bureaucracy deems worthy. If you think handouts to non-democratic countries for vaguely defined ‘climate’ purposes will be administered scrupulously in the public interest, we’ve got a carbon-neutral barge to sell you.”
The U.S. has threatened economic retaliation against nations that go along with this UN money grab in an attempt to block it.
It’s a pleasure to have the U.S. government finally on our side.
What do you think the UN would do with a multi-billion-dollar climate slush fund?