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.”
The comments, which mirror statements made by Tillerson as CEO and reflect Exxon’s stance over the past years, are the first from the new Exxon head since he took office last month. Tillerson now serves as the secretary of state under U.S. President Donald Trump, who has pledged to ease the regulatory burden that former President Barack Obama’s administration imposed on the oil and gas industry in a bid to fight climate change and protect air and water quality.
Read more at Exxon's New CEO Says Carbon Tax Could Combat Climate Change
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