(Bloomberg) — An accomplishment to put a tax on carbon dioxide emissions aloof won an absurd underwriter: a top ambassador of oil and gas.
Exxon Mobil Corp. is putting $1 actor into a political attack that, if successful, would finer spawn a tax angry to the company’s bulk products.
The move is constant with Exxon’s longstanding abutment for a bulk on carbon dioxide, imposed instead of an arrangement of ecology regulations that already drag the bulk of deposit fuels. But it marks the actual aboriginal such addition by a above oil aggregation to the effort, accepted as Americans for Carbon Dividends.
With Exxon’s donation, the better U.S. oil aggregation is aing the nation’s better nuclear ability architect and above renewable activity boosters in bankrolling the political attack to put a tax on emissions, with acquirement the burden raises redistributed to U.S. households.
“This is the aboriginal time a U.S. oil and gas cool above is putting absolute money abaft a carbon appraisement effort; it’s aloof never been done before,” said Ted Halstead, arch controlling of the Altitude Leadership Council that developed the basal plan. “A million-dollar allowance is not baby money for this blazon of thing.”
Read: Carbon Tax Is Yellen’s ‘Textbook Solution’
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