"The oil industry's embrace of pricing carbon dioxide emissions is getting the cold shoulder from conservatives and congressional Republicans.

The American Petroleum Institute expressed support yesterday for "sensible legislation that prices carbon across all economic sectors while avoiding regulatory duplication" (Greenwire, March 25).

It's a stark contrast for an industry that has long fed climate change denial and opposed federal efforts to reduce heat-trapping emissions, but API offered few details and didn't endorse a specific carbon tax or fee legislation.

Despite hopes that industry support for a carbon price might help Republicans see merit in more ambitious climate policy, GOP lawmakers and conservative groups were critical of API and gave little indication that they would back carbon pricing anytime soon."

Timothy Cama and Nick Sobczyk report for E&E News March 26, 2021. [2]