Big Oil ‘support’ of Carbon Pricing
Courtesy of Zbynek Burival
Concern: “Big Oil supports carbon pricing, so this policy must be bad.”
Reality: For decades, fossil fuel companies have misrepresented their own analysis of how emissions from their products contribute significantly to global warming. They have undermined efforts to address their emissions and climate change by sowing division within the environmental community and among the environmental justice community about the efficacy and impact of various policies.
Despite statements in apparent support, carbon taxes are not enthusiastically supported by oil companies. They claim they support carbon taxes, not because they believe in the policy but because they want to fight against stricter national rules.
Favoring carbon taxes is a low-risk way for oil companies to look reasonable since they don't think they can be implemented nationally in the current political environment, as uncovered by a Greenpeace sting operation. ExxonMobil's suspension from the Americans for Carbon Dividends group further brings their questionable support to light.
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