[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.96,0:00:05.66,Default,,0000,0000,0000,,[ominous music]\N(Leonardo DiCaprio) Ancient life on earth.
Dialogue: 0,0:00:05.66,0:00:10.86,Default,,0000,0000,0000,,Over millions of years plants and animals lived and died.
Dialogue: 0,0:00:10.86,0:00:16.10,Default,,0000,0000,0000,,That decomposed life sunk deep into the ground, and as a result,
Dialogue: 0,0:00:16.10,0:00:21.61,Default,,0000,0000,0000,,an ancient menace was created...fossil fuels.\N
Dialogue: 0,0:00:21.61,0:00:27.84,Default,,0000,0000,0000,,Black oil, coal, and gas, have created modern society as we know it.
Dialogue: 0,0:00:27.84,0:00:33.48,Default,,0000,0000,0000,,This ancient sunlight unleashed global industrial power on a scale
Dialogue: 0,0:00:33.48,0:00:37.05,Default,,0000,0000,0000,,never before witnessed in the history of the planet.
Dialogue: 0,0:00:37.05,0:00:41.25,Default,,0000,0000,0000,,But when burnt into the atmosphere, carbon causes climate change.
Dialogue: 0,0:00:41.25,0:00:46.00,Default,,0000,0000,0000,,Ninety-seven percent of climate scientists agree that climate change
Dialogue: 0,0:00:46.00,0:00:49.69,Default,,0000,0000,0000,,is happening now and is caused by human activity.
Dialogue: 0,0:00:49.69,0:00:54.30,Default,,0000,0000,0000,,However, the fossil fuel industry continues to pull that carbon out of the ground.
Dialogue: 0,0:00:54.30,0:00:59.13,Default,,0000,0000,0000,,They drill, they extract, making trillions of dollars.
Dialogue: 0,0:00:59.13,0:01:04.80,Default,,0000,0000,0000,,They frack, they mine, earning astronomical profits.
Dialogue: 0,0:01:04.80,0:01:09.49,Default,,0000,0000,0000,,We need to keep this carbon in the ground.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In order to prevent a catastrophic warming of the planet by 2 degrees Celsius,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we cannot burn more than 500 gigatons of carbon into the atmosphere.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But the fossil fuel industry has access to five times more than that.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Almost twenty-eight-hundred gigatons of carbon pollution is ready to be pulled out of the ground, sold, and burned.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We must fight to keep this carbon in the ground., and it is possible.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- People are ready for conversation. They're ready to understand that carbon pollution is causing this challenge,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And that there is a simple solution. Put a price on carbon pollution.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In the United States we spend $110 billion federal dollars on climate change events.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That's about $300 a person in tax dollars.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- But which certainly need a price on carbon pollution.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Right now it's a free good and we're using the atmosphere as a sewer and that has a real cost.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And that cost should be reflected in the cost of carbon pollution.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- In the '50s in London, based on the industrial revolution,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,there was so much pollution, as you see in Beijing and around China today,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that you actually couldn't see six straight feet in front of you.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,They put a price on pollution, and it changed.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- You have to put a price on carbon,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and that can either happen by carbon trading or through a carbon tax.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,There's a moral imperative there, but there's also a business imperative.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- Senator Boxer and I have introduced legislation to do just that. We are going
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to do it in a way that impacts fewer than 3,000 of the most significant
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,fossil fuel polluters in the country. And the reason you do it , is people should not have
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the " freedom" to destroy the planet.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,They cannot continue to be able to do that with impunity.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- The government has been subsidizing energy for decades
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to the tune now of a trillion dollars a year. We need to redirect these subsidies
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that encourage innovation. That's what we need in the world.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But the biggest barrier is money from fossil industries that want to defend
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,their market share, and which I consider the industries' walking butt. They've got
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,tremendous assets underground that they want to be able to mine.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Those are trillions of dollars of assets that the fossil energy companies used
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to evaluate their worth in the stock market. And the fact that we want to strand them,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to leave them underground is not going over real well In those industries.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But in fact, if we wanted to head off the worst uncontrollable damages
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,from climate change, that's what we have to do.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- Finland and the Netherlands implemented a carbon tax back in 1990.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Both, putting a price tag on each ton of CO2 poison.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- In the beginning of the '90s there was a deep understanding that we should do something.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We think that the Finnish economy should be based on sustainable energy in order
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to make our society competitive and in order to save our planet, which is, of course, the main target
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which is, of course, the main target.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- Since then several other nations have created their own versions, including
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Norway, Costa Rica, and the United Kingdom.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Ireland passed a carbon tax in 2010.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- It was very simple to introduce. When they see a carbon tax if place,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,people know that they can invest in alternatives that actually
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,cut out the use of fossil fuel.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It starts to have that effect improving energy efficiency in your homes and improving industries' energy efficiency.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And what we've seen in the last 5 years is we have doubled amount
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of renewable energy supplies, so the benefit for the consumer
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is if through those signals you can cut out the wasteful use of energy, then everyone
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is saving money and it more than covers the cost of the carbon tax in the first place.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Thom Hartmann: Iin Australia renewables like wind are now cheaper than fossil fuels
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like coal. Recently China put a price on carbon in over 7 regions and will add more.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now it's up to the United States, where there's good news another a local level.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In 2007, Boulder, Colorado passed a carbon tax charging $13 for every metric ton of CO2.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- The carbon tax was generated and voted into place by boulder voters.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So it's a surcharge on electricity consumption and it's applied to residential,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,commercial, and industrial customers here in Boulder. The effect has been really tremendous.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So once the carbon tax went into place, it has generated about 1.8 million dollars a year.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,What's been extraordinary is that we've been able to really turn the curve so to speak on our