NO. 52



EC Proposes $10/B `Environment' Tax on Price of Oil

The European Commission called on 25 September for the introduction of anenergy tax among its members that would raise the price of a barrel of oil by$10 by the end of the decade. The proposed tax is meant to encourage the reduction of carbon dioxide emissions in the EC by 2000 to 1990 levels and thusretard global warming. The issue has been debated for more than two years, andpromises to remain...