Obama Calls For Oil Tax To Fund Green Transportation

MoreMorocco Unveils Massive Solar Plant in the SaharaObama Proposes $10 Tax on Every Barrel of OilInside the Fossil Fuel Fight in the Pacific Northwest President Obama just threw down the gauntlet to the already-struggling U.S. oil industry. He announced an ambitious proposal on Thursday to add a $10 tax on every oil barrel produced to fund a sweeping set of green transportation initiatives that would cost hundreds of billions of dollars and lower U.S.

BING NEWS:
  • Oil profits could save the planet if governments tax them now
    Oil profits could fund climate commitments; taxing windfall gains may finance poorer countries' climate protection.
    11/11/2024 - 2:19 am | View Link
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