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Why On Earth Would BP plc, Royal Dutch Shell plc And BG Group plc Support A Carbon Tax?

Cynics have dismissed the idea of global carbon pricing as a left-wing conspiracy over the years, while supporters claim it’s the best way to harness capitalism to solving the problem of climate change. But now the latter are winning the argument, with six of the world’s biggest energy companies — including BP (LSE: BP), Shell (LSE: RDSB) and BG (LSE: BG) — calling for just such a solution

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Owain Bennallack owns shares in Shell. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.