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.