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World Service,3 mins

Global carbon tax proposed

World Business Report

Available for over a year

Environmental campaigner Jonathan Porritt on an idea proposed by the oil industry for a worldwide tax of 40 dollars on each tonne of carbon dioxide produced. The money would then be returned to taxpayers as a "climate dividend". The proposal also says companies which emit greenhouse gases should be protected from lawsuits over their contribution to climate change. (PHOTO: Smoke billowing from chimneys CREDIT: AFP/Getty Images)

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