Caterpillar, FedEx Favor Carbon Tax Over Cap-and-Trade Measure

By Daniel Whitten, Sept 23

The chief executives of Caterpillar Inc. and FedEx Corp. said they prefer a tax on carbon dioxide emissions and criticized the cap-and-trade measure being debated in Congress.

The legislation approved by the House in June gives certain industries free pollution permits that would distort the market, said Fred Smith, CEO of FedEx, the package-shipping company based in Memphis, Tennessee.

“We very much believe that a straightforward graduated tax on carbon is better than the cap-and-trade,” Smith said in Washington today. He was among a group of executives who participated in an energy conference.

read more

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s