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Three Senators’ Compromise Climate Proposal Could Expand Offshore Drilling, Impose Petroleum Taxes

March 22, 2010 in Daily Tax Report · Leave a Comment 

Three senators are closing in on a compromise climate bill that would expand offshore drilling but could require oil companies to pay taxes on the carbon content of each barrel of imported and domestic oil, sources familiar with the outline told BNA March 19.

Sen. John Kerry (D-Mass.) late March 18 briefed the heads of the…

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