The Energy 202: Exxon, GM and Pepsi plan to back carbon tax floated by ex-GOP officials
20 June 2017 – A group of nearly a dozen multinational corporations is backing a plan from senior US Republican statesmen to replace President Obama’s greenhouse-gas regulations with a carbon tax. The coalition calls itself the “Climate Leadership Council” and made headlines in February when it proposed eliminating nearly all Obama-era climate policies in exchange for a tax on carbon emissions starting at USD40 per ton. Now eleven companies, which include oil majors BP, ExxonMobil, Royal Dutch Shell and Total gave new life to the plan by endorsing it. While each of the oil and gas companies have supported some kind of carbon pricing in the past, supporting a concrete climate policy proposal is new territory for the non-energy firms in the coalition. Read the full article on the Washington Post’s website.