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The British government announced that it would levy a new tax on oil companies’ profits (expected to result in £2 billion ($3.2 billion) in additional taxes) in order to shift the pain felt by many consumers as a result of triple-digit crude prices
In what is surely a strong reminder to companies around the globe to comply with green regulations, oil giant ExxonMobil has been fined 3.3 million (approximately $4.4 million CAD) for failure to correctly report its carbon dioxide emissions from a Scottish chemical plant
