Exxon supports carbon tax

ExxonMobil Corp. supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions.


ExxonMobil Corp . supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions. “As a businessman, it’s hard to speak favorably about any new tax, but a carbon tax strikes me as a more direct, more transparent, and more effective approach,” said Rex Tillerson, CEO of Exxonmobil.

At a Dec. 11 event in Chicago, Tillerson described how he preferred a carbon tax to carbon trading programs such as those used in Europe. Tillerson believes that a cap and trade program will bring about unnecessary cost and complexity. The cap and trade program requires more regulation and Tillerson believes that a carbon tax is more easily implemented.

No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Emergency lighting; NFPA 3 and 4; Integrated building systems; Smart lighting, HVAC design
Designing for energy efficiency; Understanding and applying NFPA 101 for mission critical facilities; Integrating commissioning and testing for fire alarm systems; Optimizing unitary pumping solutions
Economics of HVAC systems; NFPA 110-2016; Designing and choosing modular data centers
Tying a microgrid to the smart grid; Paralleling generator systems; Previewing NEC 2017 changes
Driving motor efficiency; Preventing Arc Flash in mission critical facilities; Integrating alternative power and existing electrical systems
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Fire & Life Safety Engineer; Technip USA Inc.
click me