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Bucking Big Oil Companies, U.S. House Condemns Carbon Tax

  • Toothless resolution has symbolic value for future tax debates
  • Issue splits oil industry, with majors favoring tax approach
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Congressional Republicans approved a non-binding resolution to condemn the idea of a carbon tax, putting lawmakers on record opposing an approach to combating climate change favored by Exxon Mobil Corp. and other large oil companies. 

The House strategy, pushed by Majority Whip Steve Scalise, a Louisiana Republican, and backed by Koch Industries Inc., used the symbolic measure to lock in votes against a tax on carbon dioxide emissions blamed for climate change. The tactic was designed to weaken the ability of a future president and Congress to levy one to help pay for a broad overhaul of the U.S. tax code, said Republican strategist Mike McKenna.