10 March 2009 in Environmental effectiveness, GFC Commentary | by Simon Dresner
Exxon Mobil coming out in favour of a carbon tax to combat climate change, after so many years funding denial that climate change even exists, sounds like King Herod belatedly announcing his support for child protection policies. The shift happened after pressure from the Rockefeller family and a change of CEO, but sceptics have noted that Exxon had this change of heart just as the US is looking to enact a domestic cap-and-trade scheme. It has been suggested that Exxon is simply attempting to derail cap-and-trade, not to bring about a carbon tax. Link to article
