A carbon tax, if you will.
Obama seeks $10 US-a-barrel oil tax to fund clean transport
U.S. President Barack Obama is proposing to implement a $10 US-a-barrel tax on oil in the 2017 budget he presents to Congress next week, the White House confirmed on Thursday.
The proposed fee, which would be paid by oil companies, would be used to develop a range of clean transportation initiatives like mass transit, high-speed rail and the development of self-driving cars.
"The president's plan would increase American investments in clean transportation infrastructure by roughly 50 per cent while reforming the investments we already make to help reduce carbon pollution, cut oil consumption, and create new jobs," said a statement issued by the White House.
"The new fee on oil will also encourage American innovation and leadership in clean technologies to help reshape our transportation landscape for the decades ahead."
Obama seeks $10 US-a-barrel oil tax to fund clean transport - Business - CBC News
Obama seeks $10 US-a-barrel oil tax to fund clean transport
U.S. President Barack Obama is proposing to implement a $10 US-a-barrel tax on oil in the 2017 budget he presents to Congress next week, the White House confirmed on Thursday.
The proposed fee, which would be paid by oil companies, would be used to develop a range of clean transportation initiatives like mass transit, high-speed rail and the development of self-driving cars.
"The president's plan would increase American investments in clean transportation infrastructure by roughly 50 per cent while reforming the investments we already make to help reduce carbon pollution, cut oil consumption, and create new jobs," said a statement issued by the White House.
"The new fee on oil will also encourage American innovation and leadership in clean technologies to help reshape our transportation landscape for the decades ahead."
Obama seeks $10 US-a-barrel oil tax to fund clean transport - Business - CBC News
