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Oil Trade Group Drafts Carbon-Tax Proposal That Could Raise Prices at the Pump
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wsj.comWASHINGTON—The nation’s biggest oil industry trade group has drafted a proposal urging Congress to adopt a carbon tax, which would put a surcharge on gasoline and other fossil fuels to discourage greenhouse-gas emissions.
The draft proposal was approved by the American Petroleum Institute’s climate committee last month, according to a document reviewed by The Wall Street Journal. The measure must still be approved by the group’s executive committee.
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