Chop the carrots into similar sized pieces. I prefer 2-3 inch long sticks, about 1/2 inch thick. You can also chop them into thick slices if you prefer.
Heat the butter and oil in a cast iron skillet or other heavy bottomed pot over medium heat.
Add the carrots, cover, and cook undisturbed for four minutes.
Uncover, stir, and add the thyme, salt to taste, and red pepper flakes, if desired.
Cook an additional two minutes, then stir in the honey.
Cook another 1-2 minutes or until the carrots are browned and fork tender.