NEW YORK CITY: Major oil producers, including for the first time ExxonMobil, expressed support on Tuesday (Wednesday in Manila)afor a new US carbon tax, which could help cut emissions despite President Donald Trump’s decision to withdraw from the Paris Agreement.
In addition to Exxon, BP, Total and Royal Dutch Shell all supported advertisements in US media outlets in favor of the tax, which had been promoted in February by prominent Republican figures, including former Secretaries of State James Baker and George Shultz and former Treasury Secretary Henry Paulson.
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