Under a draft plan Democrats are circulating, the Treasury Department would tax a handful of the biggest emitters of planet-warming pollution to pay for climate change.
The heir to a foam-cup fortune is believed to own more land than anyone on the storied tax haven of Grand Cayman, just as rising seas threaten to engulf it.
The tax bills moving through Congress could hobble the United States’ renewable energy industry because of provisions that scale back incentives for wind and solar power.
