Norway to double carbon tax on oil industry

Guardian: Norway is to double carbon tax on its North Sea oil industry and set up a £1bn fund to help combat the damaging impacts of climate change in the developing world. In one of the most radical climate programmes yet by an oil-producing nation, the Norwegian government has proposed increasing its carbon tax on offshore oil companies by £21 to £45 (Nkr410) per tonne of CO2 and a £5.50 (Nkr50) per tonne CO2 tax on its fishing industry. Norway will also plough an extra £1bn (Nkr10bn) into its funds...

URL: http://www.guardian.co.uk/environment/2012/oct/11/norway-carbon-tax-oil
Enclosure: http://static.guim.co.uk/sys-images/Environment/Pix/columnists/2012/10/11/1349959820468/Oil-platform-Ekofisk-in-t-008.jpg