Ecuador-led initiative proposes "small" new $40-60 billion annual carbon dioxide hoax scam fraud swindle

Oil nations asked to consider carbon tax on exports | Environment | guardian.co.uk

The world's largest oil-exporting countries have been asked to consider imposing a small carbon tax on oil as a way to break the deadlock over finance for poorer countries in the UN climate talks.

The Ecuador-led initiative, submitted to the Organisation of Petroleum Exporting Countries (Opec), could see a 3-5% tax levied on every barrel of oil exported to rich countries. This could potentially raise $40-60bn a year for the green climate fund, what is expected to be the principle route of funding for developing countries to adapt to climate change.