>And then use all of those tax revenues to fund renewables, public transit, and climate repair technologies

And what happens when those revenues are threatened by people responding to the incentives and cutting out oil? Any money earned by environmental tax needs to go 100% into matching environmental restoration program with a hard limit defined that decommissions the program once the incentive is "complete" with acknowledgment that this is the preferred result. Otherwise you get ridiculous pervasive incentives in government that don't fix the problem and destabilize politics further