When Exxon Mobil Corp. endorsed a carbon tax proposal initiated by former Secretaries of State James Baker and George Shultz, some observers foresaw a future with dramatically fewer regulations. Not W. Thaddeus “Thad” Miller, the executive vice president and chief legal officer of Houston-based electricity provider Calpine Corp., who also endorses the Baker proposal.
If the carbon tax becomes reality, “this is not as large a change on the regulatory front as people may think,” Miller says.
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