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Spending bill reinstates 9-cents-per-barrel oil spill tax

“The funds collected will go toward the Oil Spill Liability Trust Fund” writes Katelyn Caralle for The spending bill signed into law Friday by President Trump includes language that reinstates a tax on each barrel of oil to assist in spill cleanups.The oil tax is the main contributor to the fund, which is used to pay for cleanup in the event of an oil spill, such as the BP Deepwater Horizon spill in 2010. “We should have a robust trust fund — not just trust that oil companies will do nothing wrong — in case a disaster like the BP spill happens again.”.

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