Unions urge 2020 candidates to support carbon cap, not tax

Unions representing coal mine workers and employees related to the power sector are urging 2020 Democratic presidential candidates to back a cap-and-trade policy rather than a carbon tax, arguing a tax would immediately risk 2 million jobs in energy-intensive industries. The labor groups are also arguing that a fair level of compensation for workers displaced by such a tax could cost as much as $3 trillion over two decades. Unions signing onto the July 29 letter sent to the Democratic...