NewEnergyNews: What Does Exxon’s Carbon Tax Mean?

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  • Thursday, June 22, 2017

    What Does Exxon’s Carbon Tax Mean?

    Groups Slam Exxon for Deceptive Support of Carbon Tax Plan

    Lorraine Chow, 20 June 2017 (EcoWatch)

    “Environmental organizations are calling foul on a carbon tax and dividend plan supported by ExxonMobil, BP, Shell and other influential businesses, individuals and organizations…[The Climate Leadership Council, developed by former cabinet members James Baker and George Shultz, would] fight climate change by taxing carbon emissions and then redirecting that levy to taxpayers…[But the free market, conservative climate solution also calls for rolling back] Obama-era climate regulations and shields polluting companies from lawsuits over their contribution to climate change…[Environmentalists say Exxon backs the carbon tax proposal because it knows it is politically non-viable and is a distraction] from the ongoing investigations into whether the company lied to the public and its investors about climate change…” click here for more

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