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Obama seeks to impose new fee on oil companies

MR RYAN: He has derided the proposed fee as a part of Mr Obama's 'out-of- touch climate agenda'.


PRESIDENT Barack Obama's budget request to Congress will include a new fee on oil companies - one requiring them to pay US$10 to the federal government for each barrel they produce, the White House said on Thursday.

The money, which could bring in up to US$32 billion in