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Argument: Carbon tax better distributes costs of carbon emissions

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Supporting evidence and analysis

Times Online, "Energy crisis cannot be solved by renewables, oil chiefs say" (Rex Tillerson, CEO, ExxonMobil), 6/25/07: "The ExxonMobil chief criticised the EU’s carbon trading system, calling it an administratively complex system that lacked transparency and failed to deliver a uniform and predictable cost of carbon. ‘It’s all about moving the money around,’ he said. Mr Tillerson said he would prefer a carbon tax that would enable the cost of carbon to spread through the economy in a uniform way, letting governments use the revenues to mitigate its effect by reducing employment or income taxes."

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