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Exxon pledges $1M to back carbon tax push

Published 10/09/2018, 11:19 AM
© Reuters.  Exxon pledges $1M to back carbon tax push
XOM
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  • Exxon Mobil (XOM) pledges to give $1M over two years to promote a surcharge on carbon emissions to fight climate change, marking the first contribution by a major oil company to such an effort.
  • XOM's contribution will go to Americans for Carbon Dividends, a new group co-chaired by former Senate Majority Leader Trent Lott, which is promoting a carbon tax-plus-dividend policy first proposed by two former Republican secretaries of state, James Baker and George Shultz.
  • “This is the first time a U.S. oil and gas super major is putting real money behind a carbon pricing effort,” says Ted Halstead, chief executive of the Climate Leadership Council that developed the underlying plan.
  • Now read: Exxon And Its Real Value


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