Wednesday, November 6, 2013

Denmark Announces 61% Tax on Oil Companies to Fund Clean Rail Project

Occupy.com: "The Danish government recently announced a $5.2 billion investment to modernize the country's rail system and put new trains on the tracks to replace the old ones. The new trains will be high speed, electrically driven, and will pollute far less. It represent the biggest single investment in infrastructure in Denmark’s history and will reduce CO2 emissions significantly.

Funding for the project will come from restructuring the country's resource taxation system: by forcing 11 oil companies that drill in the seabed of Denmark's North Sea to pay a higher tax."

'via Blog this'