You are here

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to