Oil Majors Support C02 Tax in Canada
Exxon
Mobil Corp. (NYSE: XOM), France’s Total SA and Cenovus Energy Inc.
(CVE) are all actually seeking the imposition of a tax on carbon dioxide
emissions in Canada. It’s not a change of heart, it’s about the bottom
line. Here’s the deal: These companies are planning to convert billions
of barrels of Canadian oils sands bitumen into diesel and gasoline and
they need to get it to foreign markets. The problem is that this product
will leave a much larger carbon footprint than regular fossil fuels. A
carbon tax could ease…Read more...http://oilprice.com/Energy/Crude-Oil/Oil-Majors-Support-C02-Tax-in-Canada.html
No comments:
Post a Comment