| Which is a better policy for reducing greenhouse gases: a tax on carbon or a cap-and-trade approach? Given today’s gridlocked politics, I realize that’s a little bit like asking: Do you like your unicorns to be striped or polka-dotted? But as the Times pointed out:
This week, the top executives of six large European oil and gas companies called for a tax on carbon emissions. These companies — the BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total — are not taking a bold environmental stand. They are being pragmatic. They want an efficient and predictable policy to limit greenhouse gas emissions because they realize something must be done...............................................Full Article: Source
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