FENY - Top oil industry trade group set to endorse carbon pricing - WSJ

The American Petroleum Institute is poised to embrace putting a price on carbon emissions as a policy that would "lead to the most economic paths to achieve the ambitions of the Paris Agreement," WSJ reports, citing a draft statement prepared by the lobby group."API supports economy-wide carbon pricing as the primary government climate policy instrument to reduce CO2 emissions while helping keep energy affordable, instead of mandates or prescriptive regulatory action," the draft statement reportedly says.The group's draft statement does not explicitly endorse a tax on carbon dioxide emissions or other specific pricing framework, and makes no mention of a transition away from fossil fuel power sources, but it does continue a reversal of past opposition to direct federal regulation of the oil and gas industry's emission that has accelerated since Joe Biden's election victory.ETFs: [[XLE]], [[XOP]], [[VDE]], [[GUSH]], [[OIH]], [[ERX]], [[BGR]], [[FENY]], [[DRIP]], [[FCG]], [[ERY]], [[FIF]], [[DIG]], [[IYE]], [[IEO]]Exxon

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Top oil industry trade group set to endorse carbon pricing - WSJ