The CEO of Fed Ex, Fred Smith, at a conference in Memphis, has argued that a carbon tax is a better solution to any cap and trade scheme to reduce carbon emissions. The Obama Administration is proposing a cap and trade scheme.
“We would support, if the Congress in the United States wants to do it, a carbon tax,” Smith said to the conference.
“It’s straightforward. It’s clear. It’s directly related to the sin, which is the production of CO2, the burning of carbon,” he continued. “I agree very much with former vice president Al Gore, who said, ‘Tax carbon, which you don’t want to have, and reward work, which you do want to have.’ Tax carbon and reduce the payroll tax.”
Smith also commented on nuclear energy and offshore drilling, both of which he favors.
FedEx has taken a leading role in reducing its own carbon footprint. FedEx has plans to cut aircraft emissions and increase vehicle fuel efficiency.
In an extended trial period using hybrid diesel trucks from Iveco, FedEx has achieved fuel savings of 26.5 percent.
