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Companies Plan for Carbon Tax Companies Plan for Carbon Tax

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Companies Plan for Carbon Tax

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Exxon Mobil is one of the companies said to have factored a price on carbon into its plans for growth.(Scott Olson/Getty Images)

The idea of a carbon tax is a nonstarter for most conservative lawmakers. But more than two dozen of the U.S.'s largest companies, including major oil and gas operations, think a tax on carbon is inevitable and are factoring it into their long-term financial plans, The New York Times reports.

The information comes as a finding in a new report by U.K.-based environmental research firm the Carbon Disclosure Project. According to the report, companies planning for the introduction of a carbon tax in the U.S. include oil and gas heavyweight Exxon Mobil, Duke Energy, American Electric Power, General Electric, and DuPont, an American chemical company.

 

"It's climate change as a line item," said Tom Carnac, CDP's North American president, in reference to the business decision being made by these companies to factor a carbon tax into future plans. "They're looking at it from a rational perspective, making a profit. It drives internal decision-making."

Read the full report here.

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