Tuesday, November 16, 2010

Bloomberg Calls for Carbon Tax

New York Mayor Michael Bloomberg told a group of chief executives that he’s in favor of a carbon tax — a view not shared by many political leaders of either party in Washington.

Mr. Bloomberg, speaking to the Wall Street Journal CEO Council, said the U.S. needs to reduce its dependence on foreign oil if “you want to stop sending your money to … terrorists.”

The answer, he said: “We need a carbon tax.”...

[Full Article]