Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas | Oil

Washington state rejects $15/mt carbon fee

Oil | Crude Oil

Citgo's fate hangs on PDVSA bond payment deadline


Platts Market Data – Oil

Capital Markets | Commodities | Energy | LNG | Natural Gas | Natural Gas (European) | Natural Gas (North American) | Natural Gas Risk | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

LNG Conference, 19th Annual

Natural Gas | Natural Gas (North American)

Analysis: AECO hub rallies near Chicago prices on rising Alberta demand

Washington state rejects $15/mt carbon fee

Washington — Washington state voters rejected a carbon fee that would have raised costs for oil refineries, natural gas-fired power plants and other large users of fossil fuels.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The fee, which was opposed by about 56% of voters Tuesday, according to unofficial results, would have been the first of its kind in the US and, if passed, was expected to spur similar efforts to curb emissions in other states.

A similar carbon tax proposed in 2016 was rejected by 59% of voters.

The fee was estimated to generate an estimated $2.3 billion in revenue in the first five years. The carbon fee would have started at $15/mt in 2020 and increased by $2/mt annually until the state met its existing greenhouse gas reduction goal for 2035 and was on track to meet its 2050 goal.

Washington state is home to 3.4% of US oil refining capacity: BP West Coast Products' 227,000 b/d Ferndale plant, Shell Oil Products' 145,000 b/d Anacortes plant, Phillips 66's 105,000 b/d Ferndale plant, Andeavor's 120,000 b/d Anacortes plant, and US Oil & Refining's 40,700 b/d Tacoma plant.

The fee would not have applied to the state's sole coal-fired power plant, which is already required to close by 2025. -- Meghan Gordon,

-- Brian Scheid,

-- Edited by Elizabeth Thang,