10 January 2009
When I Agree With Someone Like This....
But the Exxon CEO is right in endorsing a carbon tax over cap and trade.
It's simpler, and harder to game, and the net effect is the same, with more revenue flowing to government, and less to Wall Street bankers who want commissions for creating "Carbon Backed Securities."
It's already proving a failure in Europe.
It's simpler, and harder to game, and the net effect is the same, with more revenue flowing to government, and less to Wall Street bankers who want commissions for creating "Carbon Backed Securities."
It's already proving a failure in Europe.
Labels:
Energy
,
regulation
,
Taxes
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