The American Petroleum Institute (API) now advocates a carbon tax? We had to read the API’s press release twice to make sure we were reading correctly. Whatever else this accomplished we believe at the very least they pulled off a public relations coup designed to delay carbon suppression behind a smokescreen of reasonableness. There is no shortage of informed opinion on this issue. Like any broad public policy it has advocates and detractors. Proponents hail its economic efficiency and that it pushes the government further away from the energy industry’s decision making. Detractors, which interestingly hail from both sides of the US political aisle, claim this policy only leads to incremental, non-systemic decisions and a piecemeal approach to a serious environmental issue. Rather than get embroiled in this debate, we would rather acknowledge it as an issue but instead look at two key bread and butter issues. First, energy […]