Exxon chief backs carbon tax

ENERGY TECH

disclaimer: image is for illustration purposes only

by Staff Writers
Washington (UPI) Jan 10, 2009
The head of ExxonMobil, the world's largest oil company, has called for a carbon tax to help cut greenhouse gas emissions.

Exxon chief Rex Tillerson's comments represent a radical turn from the days when the oil giant denied the existence of man-made global warming, The Independent reported Saturday.

"A carbon tax is also the most efficient means of reflecting the cost of carbon in all economic decisions -- from investments made by companies to fuel their requirements, to the product choices made by consumers," Tillerson said in a speech to the Woodrow Wilson Center for International Scholars in Washington.

"As a businessman, it is hard to speak favorably about any new tax. But a carbon tax strikes me as a more direct, a more transparent and a more effective approach," he was quoted by the English newspaper as saying.

Others backing a carbon tax include former U.S. Vice President Al Gore and Larry Summers, President-elect Barack Obama's designated head of the National Economic Council.

Share This Article With Planet Earth

del.icio.us Digg Reddit

YahooMyWeb Google Facebook

Related Links
Powering The World in the 21st Century at Energy-Daily.com

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

ENERGY TECH

Analysis: Chevron Nigeria resumes oil flow

Washington DC (UPI) Jan 07, 2009
Chevron has lifted its extended force majeure on oil exports from Nigeria caused by attacks by militants on its installations in the Niger Delta.

ENERGY TECH Analysis: Central Asian energy in 2009 Analysis: African oil faces challenges New technique 'banks' wind farm energy No breakthrough as Japan, China discuss gas field	CIVIL NUCLEAR Bratislava restarts nuclear reactor to avoid blackout Slovaks show 'readiness' with nuke power relaunch: Czech PM Philippines revisits nuclear energy option at 'white elephant' plant Slovakia says it might reopen nuclear plant if gas freeze lasts
BLUE SKY Does Global Warming Lead To A Change In Upper Atmospheric Transport Greenhouse gas emissions study released Research Into Fair-Weather Clouds Important In Climate Predictions ESA Tests Laser To Measure Atmospheric Carbon Dioxide	WOOD PILE Canada's forests not helping environment Scam artists sell 'forest' lands in barren northern China Real Christmas trees 'greener' than fakes Ghana's 'miracle': logging underwater forests for exotic timber
FARM NEWS World's first 'drought-tolerant' corn ready by 2010: Monsanto China has arrested 60 over tainted milk scandal: police Half the planet could be hit by food crisis by 2100: study Ladybugs a sign of healthy olive trees	CAR TECH Toyota to introduce electric car to US by 2012 China's Foton to form 930-mln-dlr truck partnership with Daimler Japan races to build a zero-emission car Traffic fatalities in China fall to 73,500 in 2008: report
AEROSPACE Boeing Ends 2008 With 662 Commercial Airplane Orders China moves to bail out aviation industry amid global crisis Cathay Pacific books 7.6 billion HK dollar loss over oil hedging India signs 2.1 bln dollar plane deal with Boeing	NUCLEAR SPACE Nuclear Power In Space - Part 2 Nuclear Power In Space Outside View: Nuclear future in space

The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement