CHAPTER 8

Industry Knows How to Adapt and Will Remain Competitive

Industry Knows How to Adapt

Leaders in manufacturing and distribution have proven that companies can progress toward aggressive targets if top management supports the initiatives.

The largest area of focus should be upstream in the supply chain, at the producers. This is where the most impact can be had, and where the impact can be realized the fastest.

The oil industry’s acceptance of, and active participation in the design of, a carbon tax could break a deadlock in governing the single largest and most important externality discussed in this book. It should be encouraged and promoted at all levels.

The American Petroleum Institute (API) has been reluctant to agree to taxes or ...

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