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Singapore carbon tax to hit majors

SINGAPORE’s proposed carbon tax, due to be imposed on the city state’s biggest emitters from 2019, could see majors like Shell and ExxonMobil take a hit of up to 15% on their refining margins.

Haydn Black
Singapore carbon tax to hit majors

Wood Mackenzie refining and chemicals research director Sushant Gupta told CNBC last week that the $US9-18 per tonne tax, which is lower than that which was imposed on Australia by the former Gillard government,...

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