Obama Calls For New Oil Tax

President Obama recently called for a $10 per barrel fee for oil as part of his latest budget proposal. Such a tax is unlikely to make i make it through the current Republican-led Congress, but Oil Change International’s Steve Kretzmann tells host Steve Curwood that it as well a Democratic bill to end the leasing of public lands for fossil fuel extraction sends a powerful message about the need to decarbonize economy. (published February 19, 2016)