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The oil industry says it might support a carbon tax – here's why that could be good for producers and the public alike

  • Written by David Schoenbrod, Professor of Law, New York Law School
The oil industry says it might support a carbon tax – here's why that could be good for producers and the public alikeRegulations have an accountability problem.AP Photo/Gregory Bull

The oil industry’s lobbying arm, the American Petroleum Institute, suggested in a new draft statement that it might support Congress putting a price on carbon emissions to combat climate change, even though oil and gas are major sources of those greenhouse gas emissions.

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