Environmentalists have been trying for a quarter of a century to enact a tax on carbon emissions without coming anywhere close to success. At first blush it seems absurd to believe they might achieve it under a president who denies the very existence of anthropogenic global warming and can’t seem to pass even bills he likes. In the face of this discouraging reality, some Democrats think they have a chance to pass a carbon tax in this congressional term. And the crazy thing is, it’s possible they’re right.
Bloomberg Markets: Exxon's New Chief Endorses Carbon Tax to Combat Climate Change
In his first blog post since succeeding Rex Tillerson, the new head of Exxon Mobil Corp. focused on climate change, calling for a carbon tax to discourage use of polluting fuels.