tmorr37
01-10-2009, 02:23 PM
Carbon Tax: The Lesser Of Two Evils
By INVESTOR'S BUSINESS DAILY | Posted Friday, January 09, 2009 4:20 PM PT
Climate Change: Exxon Mobil CEO Rex Tillerson, long reviled by environmentalists for his skepticism of extreme global warming claims, now supports a tax on C02 e********. A new convert to the cause? We doubt it.
http://www.ibdeditorials.com/IBDArticles.aspx?id=316397035225132
http://www.outloudopinion.com/images/littlemic19x24.gif Listen to Audio Version (http://www.podtrac.com/pts/redirect.mp3?http://media.libsyn.com/media/ibdeditorials/316397035225132.mp3)
According to Global Insight, ANPA could cost the U.S. nearly $7 trillion in real output by 2030, or about $650 billion a year. Meanwhile, 800,000 U.S. jobs would be lost annually for several years.
This is why Tillerson says he supports a carbon tax — not because he's suddenly seen the light on global warming. A carbon tax is the least damaging, least costly alternative available for cutting carbon-based fuel use.
Other things are at work, as well. Last year, Tillerson faced a challenge to his position as chairman of Exxon Mobil from the Rockefeller family, an Exxon Mobil shareholder that didn't like Tillerson's climate-change skepticism.
No doubt it's not lost on Tillerson that Sen. Jay Rockefeller has just been named to head the Senate's Committee on Commerce, Science and Transportation, and will be in his face very soon.
http://www.ibdeditorials.com/IBDArticles.aspx?id=316397035225132
By INVESTOR'S BUSINESS DAILY | Posted Friday, January 09, 2009 4:20 PM PT
Climate Change: Exxon Mobil CEO Rex Tillerson, long reviled by environmentalists for his skepticism of extreme global warming claims, now supports a tax on C02 e********. A new convert to the cause? We doubt it.
http://www.ibdeditorials.com/IBDArticles.aspx?id=316397035225132
http://www.outloudopinion.com/images/littlemic19x24.gif Listen to Audio Version (http://www.podtrac.com/pts/redirect.mp3?http://media.libsyn.com/media/ibdeditorials/316397035225132.mp3)
According to Global Insight, ANPA could cost the U.S. nearly $7 trillion in real output by 2030, or about $650 billion a year. Meanwhile, 800,000 U.S. jobs would be lost annually for several years.
This is why Tillerson says he supports a carbon tax — not because he's suddenly seen the light on global warming. A carbon tax is the least damaging, least costly alternative available for cutting carbon-based fuel use.
Other things are at work, as well. Last year, Tillerson faced a challenge to his position as chairman of Exxon Mobil from the Rockefeller family, an Exxon Mobil shareholder that didn't like Tillerson's climate-change skepticism.
No doubt it's not lost on Tillerson that Sen. Jay Rockefeller has just been named to head the Senate's Committee on Commerce, Science and Transportation, and will be in his face very soon.
http://www.ibdeditorials.com/IBDArticles.aspx?id=316397035225132