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Exxon chief backs carbon tax http://apocadocs.com/s.pl?1231605850
In a significant shift in stance, Exxon's chief executive, Rex Tillerson, told an audience in Washington that he considered a tax to be a fairer route to curbing emissions than a cap-and-trade system of pollution allocations.
"As a businessman it is hard to speak favourably about any new tax," said Tillerson. "But a carbon tax strikes me as a more direct, a more transparent and a more effective approach."
Until recently, Exxon was reluctant even to concede that greenhouse gas emissions were responsible for global warming. The company has faced mounting pressure over its environmental policies, culminating in a shareholder rebellion at its annual meeting last year led by members of the oil-rich Rockefeller family.... "A carbon tax is also the most efficient means of reflecting the cost of carbon in all economic decisions - from investments made by companies to fuel their requirements to the product choices made by consumers," he said.
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[Read more stories about:
carbon emissions, smart policy]
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Heartless Phil says: "Exxon's Rex should change his name to Rexx."
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'Doc Michael says:
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Holy cow! On second thought, is this a shot across the bow of the coal industry?
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