You are taxing co2, not oil. A barrel of oil is about 400kg of carbon. That makes the price go up by at least $400 per barrel. It’s at about $80 right now. So t

You are taxing co2, not oil. A barrel of oil is about 400kg of carbon. That makes the price go up by at least $400 per barrel. It’s at about $80 right now. So the cost of materials for petroleum prodycts would go up by something like 6x. In the US, this cost will get absorbed. But if you are in subsaharan Africa, 6x more expensive IV tubes and syringes is extremely consequential.