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By Paul Griffin
Exxon Mobil is backing a proposal to tax oil, gas and coal companies for the carbon they emit and redistribute the money raised that way to all Americans. It's also giving a group urging Washington to enact a tax on carbon US$1 million to advocate for this policy.
The Royal Swedish Academy of Sciences announced the 2018 Nobel Prize in Economics to a duo for their work on how the world can achieve sustainable growth.
The prize was divided equally to William D. Nordhaus of Yale University and to Paul M. Romer of New York University's Stern School of Business, both Americans, who have "designed methods for addressing some of our time's most basic and pressing questions about how we create long-term sustained and sustainable economic growth," the academy said Monday in a press release.