12.02.2016 - With oil fee, Obama shows plan for sector-by-sector carbon price
U.S. President Barack Obama’s budget would raise $319 billion over 10 years from the phased introduction of an oil fee equivalent to $10.25 per barrel on crude oil, according to budget documents published on Tuesday. The oil fee is one of the largest revenue-raising items in the president’s budget, but details remain scant about how it would work (“Budget of the U.S. Government, Fiscal Year 2017”, Office of Management and Budget, 2016). In a bundle of budget documents that stretches to more than 1,000 pages, the fee is discussed in fewer than 500 words (most of them repeated)...............................................Full Article: Source
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