Carbon Caps Are the Best Policy
Why taxing emissions is an inferior approach.
Curbing carbon emissions will spur a new generation of competition for the old ways of generating energy, especially from Big Oil. So when Exxon Mobil CEO Rex Tillerson says he favors a carbon tax over a cap-and-trade system, it's worth asking why the energy giant would want to put a government levy on its own product.
Perhaps Exxon has concluded what many analysts already know: That the best chance to overhaul our oil-addicted economy is through ...
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