Quote:
Originally Posted by polak
They'll just pass it on to the consumer.
This way they get to look green while you still need to buy their oil. Any extra costs placed on them will be handed down to us.
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Which is exactly where they should be handed down to. You're the one creating CO2. Don't want carbon taxes "handed down to you"? Don't burn carbon.
Quote:
Originally Posted by Hammertime
Even if Shell loses money in carbon taxes, they can just write it off.
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That doesn't make the loss go completely away. Tax rates are not 100%. They still lose money. Which means the concept of a carbon tax is working...that incents them to produce oil without burning carbon.