WSJ: Exxon more aggressively pushing for carbon ta
Post# of 22454
Posted On: 06/30/2016 7:49:19 PM
WSJ: Exxon more aggressively pushing for carbon tax
Exxon Mobil (NYSE:XOM) is ramping up its lobbying of other energy companies to support a carbon tax, marking a shift in its approach to climate change, WSJ reports.
Top XOM officials have been more vocal about their support for a carbon tax and have met with D.C. officials and trade associations about related legislation, according to the report, citing the company’s recent lobby disclosure forms.
"Exxon’s positioning on a carbon tax had been passive - ‘Hey, we’re not loving it, but we’re not going to get in the way of it,’” says Michael McKenna, president of energy lobbying firm MWR Strategies. “In just the last six months, there’s been an uptick in how they are asserting themselves in meetings about how to address this issue.”
In actively pushing for a carbon tax behind the scenes, XOM would be the first major U.S. energy company to move closer to the positions of European energy firms such as BP and Shell (RDS.A, RDS.
which have publicly advocated for a price on carbon.
http://seekingalpha.com/news/3191389-wsj-exxo...email_link
....if Exxon is pushing for a carbon tax, it may not be that far off.
Maybe Steve's timing is on target for ongoing revenues streams from solar.
QDx tm
Exxon Mobil (NYSE:XOM) is ramping up its lobbying of other energy companies to support a carbon tax, marking a shift in its approach to climate change, WSJ reports.
Top XOM officials have been more vocal about their support for a carbon tax and have met with D.C. officials and trade associations about related legislation, according to the report, citing the company’s recent lobby disclosure forms.
"Exxon’s positioning on a carbon tax had been passive - ‘Hey, we’re not loving it, but we’re not going to get in the way of it,’” says Michael McKenna, president of energy lobbying firm MWR Strategies. “In just the last six months, there’s been an uptick in how they are asserting themselves in meetings about how to address this issue.”
In actively pushing for a carbon tax behind the scenes, XOM would be the first major U.S. energy company to move closer to the positions of European energy firms such as BP and Shell (RDS.A, RDS.
which have publicly advocated for a price on carbon. http://seekingalpha.com/news/3191389-wsj-exxo...email_link
....if Exxon is pushing for a carbon tax, it may not be that far off.
Maybe Steve's timing is on target for ongoing revenues streams from solar.
QDx tm
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