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They won't pay the tax so what do they care? They come out for it and that get's the government off their backs for awhile. It's the poor that will pay the tax.
not at all surprising given the carbon tax would get applied to not only their competition, but also companies in different competing industries, like coal, natural gas etc, which probably means they would increase business while reducing competition, while at the same time, passing the cost onto the consumer.
Follow the money.. ALWAYS
Well I would have to wonder why Exxon wouldn't support the tax as that would force many utility companies to use NG rather than coal. Actually the tax we pay at the pump is form of a carbon tax but it has not been raised since 1993.
Would imagine that they support the tax as it would further erode the coal industry in electrical generation, and would cause more plants to convert to NG or be built for NG generation.
Have read an article or three about how they are looking to capture the NG that gets flared off. Guessing that the carbon tax begins to make those capture costs more realistic.
You can be pretty well assured that their support has more economic self serving at heart than a true commitment to environmental issues. Either way though, NG is at least somewhat more "cleaner' than most/all coal usage.
Brilliant post.
Long history of regulation implemented to put the screws to competitors.
I'm not against the concept, I just think that it's hilarious that people don't understand that a carbon tax is a net win for big oil.
Long history of regulation implemented to put the screws to competitors.
I'm not against the concept, I just think that it's hilarious that people don't understand that a carbon tax is a net win for big oil.
I'm not so sure about that....A carbon tax will lower the difference in cost between green energy and carbon intensive energy as it has done in BC....We are seeing more and more infrastructure being built for green energy every year and increasing application of the same....Oil consumption has decreased by 16% since the carbon tax began, while our population and economy continues to increase.
I'm not so sure about that....A carbon tax will lower the difference in cost between green energy and carbon intensive energy as it has done in BC....We are seeing more and more infrastructure being built for green energy every year and increasing application of the same....Oil consumption has decreased by 16% since the carbon tax began, while our population and economy continues to increase.
Would imagine that they support the tax as it would further erode the coal industry in electrical generation, and would cause more plants to convert to NG or be built for NG generation.
Have read an article or three about how they are looking to capture the NG that gets flared off. Guessing that the carbon tax begins to make those capture costs more realistic.
You can be pretty well assured that their support has more economic self serving at heart than a true commitment to environmental issues. Either way though, NG is at least somewhat more "cleaner' than most/all coal usage.
Absolutely. But there's no reason why we can't kill two birds with one stone.
I'm curious, when we create the carbon taxes to drive up the price of energy to that of clean expensive energy, do you plan to just let poor people pay a greater percentage of their income to survive or do you want the middle class to pay more for their (middle class people) plus the increases for the poor?
I just want to know if the plan is for my costs to really shoot up to pay for higher energy for me and the poor people I'll be subsidizing?
Long history of regulation implemented to put the screws to competitors.
I'm not against the concept, I just think that it's hilarious that people don't understand that a carbon tax is a net win for big oil.
You have to remember-the people that promote carbon taxes for "environmental" reasons, aren't exactly the sharpest knives in the drawer.
Just one more example of crony capitalism, business using government to restrain the competition.
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