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The Petroleum Industry May Want a Carbon Tax, but Biden and Congressional Republicans are Not Necessarily Fans The new administration has made clear that its approach to reducing emissions will involve regulation, incentives and other government actions. March 8, 2021 Gina McCarthy, the White House National Climate Advisor, speaks at the Queen theater on December 19, 2020 in Wilmington, DE. Credit: Joshua Roberts/Getty Images Related Share this article The largest U.S. oil industry trade group is considering an endorsement of carbon taxes for the first time. But the biggest news may be how little that is likely to matter, as U.S. climate policy moves decisively in an entirely different direction. ....