Even Oil Companies Prefer a Carbon Tax
Posted at 1:30 p.m. on Dec. 11, 2012
Oil and gas companies would likely be on the losing side of any new efforts to regulate greenhouse gas emissions, but The Hill reports that the companies do have a preferred policy if President Obama follows through on his promise to work on climate change policy.
Said Kenneth Cohen, vice president of public and government affairs at Exxon Mobil, “If policymakers are going to adopt a measure, a regime to affect or put in place a cost on the use of carbon across the economy, then as we look at the range of options, our economists and most economists would support a revenue-neutral, economy-wide carbon tax as the most transparent and efficient way of putting in place a cost on the use of carbon.”
