King Rex Slams Cap & Trade

In a recent Washington speech, Exxon CEO Rex Tillerson slammed any proposed carbon cap and trade system as an ineffective, complex, and sure-to-become quasi-corrupt bureacracy akin to today's Wall Street. That isn't all that surprising.

What is surprising is tht Rex said that a carbon emissions tax-- along the lines of what Al Gore has proposed-- would be an acceptable solution. Stop the presses!

Has Tillerson had some epiphany on climate change (which he has long claimed to be a non-issue) or is this a cagey way for the biggest corporation in the world to further cement its overwhelming market share by overwhelming compeitors with a tax that Exxon can easily absorb but many companies could not?

Call me cyncial...

The Wall Street Journal has the story.

Exxon CEO Advocates Emissions Tax [Wall Street Journal]