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The American Petroleum Institute is planning to endorse a carbon tax but has no plans to stop funding climate-denying candidates or stop representing Big Oil.
Photo: David Zalubowski (AP)
The #resistance is growing. The American Petroleum Institute, which is the nation’s largest lobbying group for the oil and gas industry, is planning to endorse levying a price on carbon pollution, according to documents obtained by the Wall Street Journal.
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The announcement comes as the oil industry faces the prospect of tighter regulations with the Biden administration and Democratic control of both houses of Congress. While it’s tempting to look at API’s planned endorsement of a carbon tax as a sign the industry is getting serious about climate change, following the money tells a much different story about what API’s legislative priorities are.
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