Campaign to impose a carbon tax on utility industry gains traction
The utility company Exelon, which does business in 48 states, is joining a campaign to urge enactment of a federal carbon tax on the U.S. utility industry as a way to discourage further reliance on power generated from coal, natural gas, and oil. Other supporters of the initiative include ExxonMobil, BP, Royal Dutch Shell and General Motors, and the proposal “has a good chance of getting across the finish line,” said Kathleen Barron, Exelon’s senior vice president of federal regulatory affairs.
Bloomberg
