Editorial: Oppose cap-and-trade

03/09/2009
That oil and gas companies differ over political issues is nothing new and usually constructive. Sometimes, however, unanimity can be helpful. A looming decision on climate change presents such an occasion.The question here is not whether response is in order. Political realities make that question moot. A response will happen, probably soon. It probably will cap emissions of greenhouse gases and allow trading of emission allowances. Some oil and gas companies, aligning themselves with President Barack Obama and congressional leaders, favor that structure. Others prefer a direct tax on carbon emissions.Companies in the latter camp are right. Others should join them, even if doing so requi...
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