Carbon Tax Looming, Big Business Gets Ready to Pay Up
Dozens of US companies factoring price into financial plans
By Arden Dier, Newser Staff
Posted Dec 5, 2013 2:34 PM CST
This Oct. 26, 2006, file photo shows an Exxon logo at a gas station in Dallas.   (AP Photo/LM Otero, File)

(Newser) – First came news that 90 companies are to blame for the majority of greenhouse gas emissions. Now, more than two dozen big US corporations are planning for a future that involves paying for their pollution. A survey by green-data firm CDP shows that 29 companies, including Exxon, Chevron, and Walmart, are factoring a carbon-emission price into their long-term financial plans, reports the New York Times. The move suggests they'd be more likely to support policies designed to ease climate change. "Companies see that the trend [of cutting emissions] is inevitable," says a CDP exec. "What you see here is a hardening of that understanding."

A rep for ExxonMobil sounds a similar note: "Ultimately, we think the government will take action through a myriad of policies that will raise the prices and reduce demand" of fossil fuels, he says. ExxonMobil is planning for a price of $60 per metric ton by 2030, with BP at $46, and others lower, the Huffington Post reports. "ExxonMobil and many other large companies understand that climate change poses a direct economic threat to their businesses," says the director for climate change at the Center for American Progress. "They need to convince their political allies to act before it's too late."

View 1 more image
More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Carbon Tax Looming, Big Business Gets Ready to Pay Up is...
2%
3%
1%
38%
6%
51%
Show results without voting
You Might Like
Comments
Showing 3 of 71 comments
oilcanp
Dec 9, 2013 5:17 AM CST
Walmart? What do they burn in theirback room??????
Lou Bernardo
Dec 8, 2013 7:16 AM CST
Costs have to be passed on to the customers, corporations have no money, the stock holders of the corporations do. Support the politicians that push the fake issue of global warming and you support paying more for goods and services.
Ezekiel 25:17
Dec 8, 2013 12:00 AM CST
By the way, how many of you out there got a settlement check from Air Liquide for the fraudulent collection of the Oxygen tax? I got $50. They could never explain why oxygen was taxed as a separate item. Neither could the government which made them pay us back.