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Why Exxon Mobil is now lobbying for a carbon tax

2016-06-30 12:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: In an attempt to combat climate change, the worlds largest publicly traded oil company is asking to be taxed. Exxon Mobil is lobbying the rest of the American industry, as well as Capitol Hill, for a revenue-neutral carbon tax, The Wall Street Journal reported Thursday. Exxon has welcomed a tax on carbon emissions since 2009. But December's Paris Agreement, aimed specifically at keeping most fossil fuel reserves in the ground, has prompted the company to increase its efforts over the past six...

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