An article in the New York Times draws attention to the fact that many of the largest corporations in the US already account for a carbon tax when planning for the future. Their reasoning is very simple: since CO2 emissions need to decrease and most economists agree that this can best be achieved with a tax on CO2, such a tax is inevitable. Obviously, many countries in Europe already have a carbon tax.
It appears that many business leaders and oil executives are more progressive and forward looking than our political leaders. An oil company like Exxon accepts the reality of global warming today – it is a scientific fact after all – and would be prepared to accept a tax of up to $60 per ton of CO2 if other taxes were lowered accordingly.