[palmer]

Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I'm capping greenhouse gases, coal power plants, you know, natural gas, you name it - whatever the plants were, whatever the industry was, they would have to retrofit their operations. (emphasis added)

[fhayek]

I don’t think a carbon tax goes far enough. I think that we should tax ALL of the elements.

[Mr. Jeeves]

It’s a bad omen for free enterprise, prosperity and liberty when normally warring special interest groups such as big business and progressive activists agree on public policy.

Neither Van Jones nor Exxon Mobil have the slightest interest in free enterprise nor liberty.

Why does the delusion that multi-nationals are capitalist entities persist?

[Starboard]

A carbon tax would certainly devastate the domestic coal industry and eliminate competition for power generation.
If passed, Exxon and other natural gas producers would likely profit from a carbon tax but it would come at a great cost to hardworking Americans.
********
Interesting article; thanks for posting.

Exxon is a multi-national and wants what’s best for Exxon. Simple as that.

[eyeamok]

Considering the controversy over the passage of the 16th and 17th Amendments to the US Constitution, look it up if you haven’t before. Most of these problems could be solved overnight if just one State where the Governor and Legislature were in lockstep together could simply file a Formal Declaration with the House of Represantitives that the forementioned Ratification of either of these amendments were FRAUDULENT and after doing an exhaustive search of the records surrounding said Certificate of Ratification we have determined that said certificate ,to be FALSE, We the People of the State of () DID NOT RATIFY EITHER OF THESE AMENDMENTS, making them Non-Existent.
Create a Constitutional Crisis, stand your ground and SAVE THE COUNTRY.

[mountainlion]

Sounds like blackmail to me. If Exon said no then how many parts of the business could be attacked by the government? Isn't Exxon Arab owned?

Why don't I get a tax refund for the trees that I have?

[loveliberty2]

A thought comes to mind that, as with almost every other discussion involving the battle of ideas which confronts us, freedom advocates almost automatically fall into the semantic trap set for them by their opponents.

Example: in this article, the "control" ideologues are described as "progressives," which is how they now boldly describe themselves.

Consider the image which that word evokes: progress, forward movement, advancement--all normally considered to be positive for individuals or a society.

The "Progressives," in turn further confuse the language by calling taxing and spending by the name of "investment," and on and on.

"It’s a bad omen for free enterprise, prosperity and liberty when normally warring special interest groups such as big business and progressive activists agree on public policy."

Well, of course, it's a "bad omen"; because "free enterprise, prosperity and liberty" are incompatible with and impossible to achieve when "the People" yield up their liberty to coercive control of elected and unelected persons in positions of power in government!

So-called "progressives" are not progressive (in the dictionary sense) at all. As a matter of fact, their ideology, if implemented in America, will lead it back to the Old World ideas which preceded the Declaration of Independence's assertion of the Creator-endowed, thus unalienable, rights of individuals.

[bert]

Here is what is actually going on.......

.......Disclaimer......
what follows is deduced theory and not condoned practice.
********
The democrats all ready have the long term solution. It is cap and trade. The liberals have dug a hole from which they can’t climb out. They have incrementally given their voters the ability to pay no taxes at all. There is no way they can take back the no tax position. At least 50 % of the population is in that group of nontax payers.

The solution is to provide a tax on the nonpayers that is not a tax and that is paid unknowingly. The payment fuels hate of someone else rather than the corrupt, vote needing, democrat, politician, liars. The solution is Cap And Trade.
The tax is levied on energy producers, all energy producers, that then can raise rates to all consumers. Since the tax is uniform it does not effect rate competition and can by all be passed on with no effect on sales. When passed on it is effectively a trickle down tax. I say energy producers but I think it is mainly electricity. It is a tax on electricity sales covered with a carbon fig leaf described as first aid for man made climate change.

The real and only solution to eliminating the debt is inflation that devalues the amount owed over time. The cap and trade induced rise in energy costs will be hidden within the coming general inflation. That is, the pain and associated hatred will be mitigated somewhat by the general rise in the cost of everything.

The Cap and Trade tax trickle down is coming. That’s what it is, a trickle down consumption tax. Many have tax proposals, VAT, Fair Tax, etc that will cause the 50% of non payers to cough up their fair share. But they are all taxes and new taxes will be strongly resisted by the 50%. An indirect trickle down tax will not be understood when sold as a planet saving necessity.

The beauty is that the value of the tax is compounded. In the coming inflation, the incremental total will be increased compounded by the inflation rate. As all prices, including energy prices are increased the $ value of C&T receipts increases as well.

Since the election, two efforts have begun. The first is to renew the media attention to those insisting on the need to curb climate change. The other is the effort by unions to increase wages. Both are harbingers of inflation. Cap and trade increases costs across the board for all business. In an economy with unemployment wages do not rise. For the needed inflation, labor costs must rise and push general costs up. The wage inflation is being pushed by the unions and will lead to general wage increases in spite of high unemployment.

Then there is the no tax pledge. One must wonder if supporting cap and trade violates the pledge? Charging a fee for carbon emissions is not actually a tax. The fee is like usage fees for visiting a National Park or the ports or perhaps a toll road. For a politician, even a Republican politician, voting for a fee is not voting for a pledge prohibited tax.

[Beowulf9]

replace corporate income tax and payroll taxes with a VAT and you have a deal!

[Nowhere Man]

Welcome to Big Governess, Big Government and Big Business. B-P

[Don Corleone]

“Carbon tax: Exxon backs Obama plan to impose climate change fees.”

We are seeing a repeat of the 1930's German industries rush to support the Fuehrer in order to save their own necks. That of course did not end well. This time, who knows? Who is out there to save America except America?

[rfp1234]

Exxon, GE, Google, Microsoft, Wall Street banks, etc. All it takes for
socialism to rise is for a few big monopolistic cronies to make an alliance with the regime, to kill off their smaller competitors.