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New Lockdowns In Asia Spark Oil Demand Concerns


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How the Oil Lobby Learned to Love Carbon Taxes – Advanced BioFuels USA



But the policy itself has a number of silver linings for polluters. For starters, unlike regulations restricting drilling or mandating clean energy, a carbon tax wouldn’t bar companies from extracting natural gas or force the fossil fuel out of the nation’s electricity mix. It could also drive investments in direct-air carbon capture and other technologies that would prolong the use of fossil fuels as a power source.
In the short run, putting a price on greenhouse gas emissions could give natural gas an even greater edge over dirtier-burning coal.

“All of the oil majors have natural gas assets they are trying to protect, and this is a way to do that,” said Mike McKenna, a former deputy director of the White House Office of Legislative Affairs. “Once they became natural gas companies and started competing in the electricity space, it was just a matter of time till they wanted to rub coal out.” ....

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