API Expected To Endorse Carbon Pricing

The American Petroleum Institute is set to unveil a declaration in which it endorses carbon pricing as a means of achieving the goals of the Paris Agreement on Climate Change, according to a Wall Street Journal report citing a draft version of the statement. “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 WSJ quoted the statement as saying. Also according to the statement,…