Exxon’s Support of a Tax on Carbon: Rhetoric or Reality?


The company has never put its muscle behind a tax on carbon to confront global warming, though it has voiced support for the concept. By David Hasemyer and Bob Simison As Congress was gearing up to vote on major U.S. climate legislation, ExxonMobil chief executive Rex Tillerson spoke up in favor of a carbon tax in a January 2009 speech at the Woodrow Wilson International Center for Scholars in Washington. “As a businessman it is hard to speak favorably about any new tax,” Tillerson said in a four-paragraph passage on page six of a seven-page speech. “But a carbon tax strikes me as a more direct, a more transparent and a more effective approach” than the complex cap-and-trade bill that Congress was considering. See Also: Exxon’s Own Research Confirmed Fossil Fuels’ Role in Global Warming Decades Ago Exxon Confirmed Global Warming Consensus in 1982 with In-House Climate Models More Exxon Documents Show How Much It Knew About Climate 35 Years Ago Massachusetts Mulls an Economy-Wide Price on Carbon read more


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