Obama seeks to impose new fee on oil companies
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Washington
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 new federal revenue annually, would be spent on a variety of transportation and infrastructure projects. They cover bridges and highways, high-speed rail and research on advanced vehicles such as electric and self-driving cars.
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