Guess what? Rex Tillerson, Exxon CEO and likely next Secretary of State likes carbon taxes


It should be noted that the above speech was given before the fracking revolution really got started. This revolution was arguably the key reason why carbon emissions have gone down in the USA over the last half decade. Fracking has made natural gas abundant and cheap. Natural gas generates much less carbon than coal. Natural gas plants are better, as far as carbon goes, for the environment.

But what happens if the government comes to rely on carbon as a revenue source?

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