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Carbon Tax Looming, Big Business Gets Ready to Pay Up

 
Carbon Tax Looming, Big Business Gets Ready to Pay Up
Posted Friday, December 6th 2013 @ 4am  by Arden Dier, Newser Staff

(NEWSER– First came news that 90 companies are to blame for the majority of greenhouse gas emissions. Now, more than two dozen big US corporations are planning for a future that involves paying for their pollution. A survey by green-data firm CDP shows that 29 companies, including Exxon, Chevron, and Walmart, are factoring a carbon-emission price into their long-term financial plans, reports the New York Times. The move suggests they'd be more likely to support policies designed to ease climate change. "Companies see that the trend [of cutting emissions] is inevitable," says a CDP exec. "What you see here is a hardening of that understanding."

Read the full story on Newser.com

   

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