The oil industry says it might support a carbon tax – here's why that could be good for producers and the public alike
- Written by Richard Schmalensee, Professor Emeritus, Member of National Bureau of Economic Research Board of Directors, MIT Sloan School of Management
Regulations have an accountability problem.AP Photo/Gregory BullThe oil industry’s lobbying arm, the American Petroleum Institute, suggested in a new draft statement that it might support Congress putting a price on carbon emissions to combat climate change, even though oil and gas are major sources of those greenhouse gas emissions.
An...

