Confirming the worst fears of the New World Order conspiracy crowd, it seems that newly re-elected U.S. President Obama may now push for a carbon tax, per a report from British bank HSBC, as reported by Bloomberg News:
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
A carbon tax starting at $20 a ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates…
[continues at Bloomberg News]
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