Exxon supports carbon tax
ExxonMobil Corp. supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions.
ExxonMobil Corp . supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions. “As a businessman, it’s hard to speak favorably about any new tax, but a carbon tax strikes me as a more direct, more transparent, and more effective approach,” said Rex Tillerson, CEO of Exxonmobil.
At a Dec. 11 event in Chicago, Tillerson described how he preferred a carbon tax to carbon trading programs such as those used in Europe. Tillerson believes that a cap and trade program will bring about unnecessary cost and complexity. The cap and trade program requires more regulation and Tillerson believes that a carbon tax is more easily implemented.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey