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The new Exxon!

longview

longview

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It seems Exxon has a new CEO, and he has some interesting things to say.
https://www.forbes.com/sites/christ...eps-for-the-low-carbon-future/2/#7461f5a84224
Any "real solutions" will require imposition of that elusive carbon tax. "If society wants to address this issue, you've got to have a price on carbon," he says. "That's what's going to be required. Government has to take that action, and society has to be willing to pay that price in order to align the motives and solve this." Be careful what you wish for. It just might end up being called the Exxon tax.
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I am a bit suspect, of Exxon's motives.
 
Jack Hays said:
Costs him nothing, puts the ball in government's court, and reminds everyone (in a not-so-subtle way) that voters will have a say.
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My suspicions are that for the Exxon CEO to be saying carbon taxes are a required part of the solution,
means that Exxon has figured a way to expand profits from a carbon tax.
It could be good news, but will likely end up costing us all at the gas pump.
 
longview said:
My suspicions are that for the Exxon CEO to be saying carbon taxes are a required part of the solution,
means that Exxon has figured a way to expand profits from a carbon tax.
It could be good news, but will likely end up costing us all at the gas pump.
Click to expand...

We shall see.
 

[h=1]Exxon hits back hard at Gore/McKibben inspired attorney general witch hunt[/h]We’ve reported on this counter-lawsuit before, but this article in Bloomberg yesterday raises the volume up to 11. Exxon Sues the Suers in Fierce Climate-Change Case A ‘conspiracy’ was hatched in La Jolla, Calif., company says Exxon says the suits are violating its free speech rights As climate-change lawsuits against the oil industry mount, Exxon Mobil Corp.…
Continue reading →
 
longview said:
It seems Exxon has a new CEO, and he has some interesting things to say.
https://www.forbes.com/sites/christ...eps-for-the-low-carbon-future/2/#7461f5a84224

I am a bit suspect, of Exxon's motives.
Click to expand...

This is probably a response to California expecting to “sue, settle, and regulate” Exxon out of California for not embracing global warming. The state plans to use Exxon as a model to shake them down like the tobacco settlement to of yore, but without proof and using the threat of legal and political action. They are daring Exxon to move out of California.

If Exxon agrees a carbon tax (a pass through tax) is a good thing, they tacitly agree not to fight it. It’s a more sophisticated way for states to squeeze money out of citizens.
 
chuckiechan said:
This is probably a response to California expecting to “sue, settle, and regulate” Exxon out of California for not embracing global warming. The state plans to use Exxon as a model to shake them down like the tobacco settlement to of yore, but without proof and using the threat of legal and political action. They are daring Exxon to move out of California.

If Exxon agrees a carbon tax (a pass through tax) is a good thing, they tacitly agree not to fight it. It’s a more sophisticated way for states to squeeze money out of citizens.
Click to expand...

Maybe, but California is such a tiny part of Exxon's business.
 
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