Such as many persons, stakeholders, financial organizations, etc., fossil fuel companies have been shifting their position on climate change in response to pressure from investors and growing public alarm about Earth’s rising temperature. And economists have long favoured a carbon tax as a simple, predictable approach to putting a price on the greenhouse gas emissions that drive climate change.
This is also happening in the political realm. The Bloomberg article reports that “Shareholders, younger Americans and Americans who live in coastal communities who are especially exposed to climate change are demanding action by government and also by leading corporations,” said former Representative Carlos Curbelo, a Republican from Florida who sponsored a carbon tax bill before losing his House seat in 2018. “American companies want predictability and sustainability -- and this is the most efficient way of reducing carbon emissions while protecting economic growth.”
There is still a lot of miles to make, but many stakeholders are finally starting to row in the same direction.