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DewDiligence

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DewDiligence

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Tuesday, 06/20/2017 3:52:16 PM

Tuesday, June 20, 2017 3:52:16 PM

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XOM, GM, BP among supporters of US carbon tax:

https://www.wsj.com/articles/big-oil-steps-up-support-for-carbon-tax-1497931202

XOM has publicly endorsed a US carbon tax for at least a decade, IIRC. These companies are betting that enactment of a carbon tax will ease regulatory burdens in the oil & gas and automotive industries (among others).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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