By Jennifer Martinez |Staff Writer| President Barack Obama proposed a $10 per-barrel charge on oil, which will be addressed in his final budget request next week, according to CNBC.com. This new tax on oil would be gradually introduced over the next five years if it is approved by Congress. Oil companies will be responsible for paying these fees. “I think we will look back and say, “that was a smart investment,” said Obama during a news conference on Feb. 5. The main priority of this new oil charge is to reduce carbon emissions and the use of fossil fuels from the nation’s transportation system. About 30 percent of the nation’s greenhouse gas emissions come from … [Read more...] about Oil tax for environmental health
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