To Break Big Oil’s “Stranglehold,” Obama to Propose $10-a-Barrel Oil Tax
(COMMON DREAMS) Nadia Prupis, February 6, 2016 — President Barack Obama is set to propose a $10-a-barrel tax on oil to fund clean energy infrastructure, a move that environmental groups said would bring the U.S. “into the 21st century.” “Obama’s vision underscores the inevitable transition away from oil, and investments like this speed us along the way to a 100% clean energy future,” said Sierra Club executive director Michael Brune in response to the announcement.