Oil companies calling for carbon tax. Now, why might that be?

The answer: Because a carbon tax will burden smaller firms and then the big oil companies will be able to pick up the remnants of and claims of the smaller companies for a song when the small firms go out of business.

(From The Hill)

A number of oil-and-gas giants are taking part in an effort to encourage lawmakers to pass a national carbon tax, splitting with industry trade groups.

The campaign brought representatives of Exxon, BP, Royal Dutch Shell and Mobil Corp. to Capitol Hill on Wednesday, part of a broader coalition involving 75 Fortune 500 companies.

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Reprinted from: https://www.ac2news.com/2019/05/oil-companies-calling-for-carbon-tax-now-why-might-that-be/

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