Carbon Tax Supported By Oil Companies
As I've stated in the past (many times), and in agreement with conservative and business organizations, is that the only solution to global warming is a carbon tax. And now even oil companies are in agreement.
Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change.
The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in February proposed a $40 fee on each ton of CO2 emitted as part of a “free-market, limited government” response to climate change.
The fossil fuel companies announced their backing for the plan alongside other major firms including Unilever, PepsiCo, General Motors and Johnson & Johnson.
In a full-page newspaper ad on Tuesday, the companies called for a “consensus climate solution that bridges partisan divides, strengthens our economy and protects our shared environment”. Exxon and the others were listed as founding members of the plan, alongside the green groups Conservation International and the Nature Conservancy.Even the conservative Cato Institute Libertarian has come around. I've made the case, it's not just the best way to solve global warming, it's the only way. Nothing is going avoid dire consequences unless we reduce and even halt the CO2 going into our atmosphere. And just telling people not to do it isn't going to make it happen. It has to be made an economic choice, and a carbon tax accomplishes that.