WATCHING THE WORLD THE CARBON TAX ISSUE

With Roger Vielvoye from London The European Community's controversial proposals to stabilize carbon dioxide discharges to the atmosphere with a carbon tax continues to provoke condemnation from all shades of opinion in the oil business. The idea of a $3/bbl tax starting in 1993 and rising to $10/bbl by 2000 has managed to unite oil consumers, refiners, marketers and the Organization of Petroleum Exporting Countries in condemnation of the levy.

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