Exxon Support For Carbon Tax Contingent On Replacing EPA Methane Rules

Oil giant ExxonMobil's support for a carbon tax is contingent on the tax being constructed so it is “revenue neutral” and that it replaces EPA rules for the oil and gas industry to reduce methane, the company says, following reports that it has stepped up its lobbying in support of such a policy. “A properly designed carbon tax would replace existing regimes,” such as EPA's newly finalized new source performance standards (NSPS) to reduce the potent greenhouse gas methane at...