Exxon Mobil Lends Its Support to a Carbon Tax Proposal

Posted on: June 29th, 2017 by rgadmin

Fossil fuels contain carbon that is released into the atmosphere as carbon dioxide (C02) (and carbon monoxide (CO) if combustion is not complete). Exxon Mobil sells fossil fuels. C02 is a major contributor to global climate change as a greenhouse gas.

SO WHY WOULD EXXON MOBIL SUPPORT A CARBON TAX PROPOSAL?

Two possible answers:

  1. They realize global warming is happening and that fossil fuels contribute.
  2. By supporting the idea or proposal, NOT an actual bill or tax, they can win the publicity battle.

Exxon Mobil is defending themselves in multiple courts regarding liability for past emissions. This statement undoubtedly helps their case.

IF a carbon tax is ever enacted, the law would undoubtedly protect companies from lawsuits for prior emissions.

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Additional Information:

https://www.nytimes.com/2017/06/20/science/exxon-carbon-tax.html?partner=rss&emc=rss&_r=0

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