As governments are looking to put a price on carbon or raise current carbon taxes, the oil and gas industry globally is bracing for the impact of those levies on the economies of upstream projects. The oil industry itself, for the most part, supports carbon pricing as one of the most efficient ways to reduce emissions and fight climate change—the two main drags on the oil sector since the energy transition push became mainstream.
Carbon pricing is a tangible way for governments to “make polluters pay,” and the net-zero…Should U.S. Oil Drillers Be Worried About Carbon Taxes?
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