Proposals to tax greenhouse gas emissions have been attacked by the head of the US oil refinery trade group even though the idea has support from some of his largest member companies including BP and ExxonMobil. Chet Thompson of American Fuel & Petrochemical Manufacturers said a carbon tax would be “bad public policy” that raised prices at the pump. He called it “fanciful” to describe such a tax as revenue-neutral. A group of large companies, including several oil producers, has embraced a carbon tax as an efficient way to drive down emissions heating the planet. They were joined this year by economists, including 27 Nobel laureates and four former chairs of the Federal Reserve.
FT 4th March 2019 read more »
Norway will soon decide whether to let its $1 trillion sovereign wealth fund dump oil and gas stocks.
Energy Voice 4th March 2019 read more »
Oil and gas companies under pressure by investors to curtail investment in fossil fuels should loosen their purse strings for green energy, according to Accenture. Managers of traditional energy businesses need to spend in areas that attract new customers.
Energy Voice 4th March 2019 read more »
