Norway to double carbon tax on oil industry for climate change programs
Mongabay: Beginning next year, Norway will nearly double the carbon tax on its domestic oil industry to help set up a $1 billion climate change fund for programs in developing nations among other green projects. The Scandinavian nation is the world’s 13 largest oil producer and third biggest oil exporter, yet has been one of the most active champions of funding climate change projects. Norway’s carbon tax on its North Sea oil industry will rise from around $37 (210 krone) to $71 (410 krone) next year with…
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