HybridCars: ExxonMobil is lobbying for a carbon tax credit in Washington, which would support its natural gas division and could deflect investigations into its climate change scandal.
Calling for the federal government to enact a revenue-neutral tax on carbon would encourage carbon producers like oil companies and power plants to shift to energy sources that emit less carbon. Carbon taxes would make coal more expensive, raising electricity rates and driving demand for cleaner energy.
Fueling power plants...