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Australia passes controversial carbon pollution tax

Australia’s parliament approved a controversial pollution tax on Tuesday, after years of bitter debate over the reform which is aimed at lowering carbon emissions blamed for climate change. Cheers and applause broke out as the upper house Senate passed the Clean Energy Act, requiring Australia’s coal-fired power stations and other major emitters to “pay…

Obama calls for rollback of big oil tax breaks

WASHINGTON — President Barack Obama says it’s time to roll back “billions of dollars in tax breaks” for oil companies and use the money for clean energy research and development. Obama made the comments Wednesday in prepared remarks for a speech at Carnegie Mellon University in Pittsburgh. He said the…

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