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Exxon Puts $1 Million Into Quest for Carbon Tax-and-Rebate Plan
Renewable Energy World: An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.
Exxon Mobil Corp. is putting $1 million into a political campaign that, if successful, would effectively spawn a tax tied to the company’s core products.
The move is consistent with Exxon’s longstanding support for a price on carbon dioxide, imposed instead of an array of environmental regulations that already elevate the cost of fossil fuels. But it marks the very first such contribution by a major oil company to the effort, known as Americans for Carbon Dividends.
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