NO. 10



EC Considers Environmental Taxes on Non-Renewable Energy Sources

The EC Commission has drawn up radical environmental tax proposals for thepost-Gulf crisis era that could increase the cost of a barrel of oil by about$10 over the next five years. The tax plan hits non-renewable sources of energysuch as oil and coal the hardest and is intended to prevent the cost of energyfrom falling back to pre-crisis levels, which many in the commission consider as...