Climate Changed
Exxon's New Chief Endorses Carbon Tax to Combat Climate Change
- Darren Woods makes first blog post since succeeding Tillerson
- Comment mirror’s former CEO’s long-standing position on levy
Exxon Mobil's Billings Refinery in Billings, Montana, on Sept. 21, 2016.
Photographer: Matt Brown/APThis article is for subscribers only.
In his first blog post since succeeding Rex Tillerson, the new head of Exxon Mobil Corp. focused on climate change, calling for a carbon tax to discourage use of polluting fuels.
Chairman and Chief Executive Officer Darren Woods said a revenue-neutral carbon tax “would promote greater energy efficiency and the use of today’s lower-carbon options, avoid further burdening the economy, and also provide incentives for markets to develop additional low-carbon energy solutions for the future.”