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Exxon chief backs carbon tax
Washington (UPI) Jan 10, 2009 The head of ExxonMobil, the world's largest oil company, has called for a carbon tax to help cut greenhouse gas emissions. Exxon chief Rex Tillerson's comments represent a radical turn from the days when the oil giant denied the existence of man-made global warming, The Independent reported Saturday. "A carbon tax is also the most efficient means of reflecting the cost of carbon in all economic decisions -- from investments made by companies to fuel their requirements, to the product choices made by consumers," Tillerson said in a speech to the Woodrow Wilson Center for International Scholars in Washington. "As a businessman, it is hard to speak favorably about any new tax. But a carbon tax strikes me as a more direct, a more transparent and a more effective approach," he was quoted by the English newspaper as saying. Others backing a carbon tax include former U.S. Vice President Al Gore and Larry Summers, President-elect Barack Obama's designated head of the National Economic Council. Related Links Powering The World in the 21st Century at Energy-Daily.com
Analysis: African oil faces challenges 
Washington DC (UPI) Jan 08, 2009African oil producers like Angola are hoping to attract even more foreign investment in 2009, while foreign oil companies operating in Nigeria continue to experience the ill effects of violence at the hands of armed militants in the oil-rich Niger Delta. |
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