Exxon Mobil Bankrolls Carbon Tax Campaign

The Free Press WV

The oil and gas giant announced Tuesday it would donate $1 million to a political campaign aiming to tax carbon dioxide emissions from fossil fuel production.

While it seems counterintuitive to join solar, nuclear and wind energy producers in the effort, Exxon — facing lawsuits over its role in climate change — has long said it favors collecting carbon taxes instead of imposing other environmental regulations.

It’s the first time a major U.S. petroleum company has financed such lobbying, which could help shift energy production away from coal toward cleaner-burning gas.

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