Monday, December 9, 2013
corporations already using a self imposed carbon tax calculation
Shell, Exxon, BP, and these others already have their accounting factoring in a carbon tax to their future business plans and projects, using it in their decision making as if it already is a tax. Most are using around $33 per CO2 ton. Setting a carbon tax at the source, the mine or the well head is the simplest form of collection, the oil company pays the tax based on how much carbon is in this particular wells oil, the cost is embedded in the raw product and is thus spread through the market. This can solve all the fights about pollution laws, driving the market to both conserve and clean up to save, and without so many rules. It would also mean the dirtiest forms of energy (tar sands for one) would be left in the ground as unprofitable in the face of the carbon tax, meaning there will be writing down of assets and reserves. These companies actually see this as an easier way into the future, relief from some of the laws and paperwork, higher prices falling on the dirtiest will force a migration to cleaner fuels and practices. They also are preparing for what they believe is inevitable, they know full well what is causing global warming and that one way or the other it needs to be abated.
American Electric Power
Delta Air Lines