Monday 12 January 2009

ExxonMobil calls for green taxes

ExxonMobil is the world's largest oil company and for years it has downplayed the role that fossils fuels have played in affecting the climate. Indeed the company has funded many organisation involved in global warming denial.

Now the boss of Exxon Roy Tillerson has come out and called for a carbon tax. This no doubt reflects the new politics emerging in the US with Obama's Presidency just days away.

Others have suggested that asking for a carbon tax is less damaging to the oil industry than carbon caps which form the European 'cap and trade' schemes.

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