The Patriot Post® · Corporations Prepare for Carbon Tax

After Democrats’ failed attempt at cap-and-trade legislation, the EPA stepped in to do their bidding by inflicting harsh regulations on large carbon polluters such as coal-fired plants. However, some energy corporations, sensing that an eventual cap-and-trade system is inevitable, are prepping for carbon taxes now. “At least 150 major companies worldwide – including ExxonMobil, Google, Microsoft and 26 others in the United States – are already making business plans that assume they will be taxed on their carbon pollution,” writes USA Today, citing a report by international non-profit CDP, a Britain-based environmental disclosure company. Furthermore, “The report comes one week before leaders of 100-plus countries convene Sept. 23 in New York City for the United Nations’ Climate Summit, at which leaders of many nations and corporations are expected to announce their plans to reduce carbon emissions. The World Bank is calling for carbon pricing as a key strategy.” It’s unfortunate the leadership of some of the world’s most prominent companies have accepted cap-and-trade as fait accompli, especially when consumers bear the brunt of the ramifications. More…