U.S. President Barack Obama speaks at an event honoring the 7th anniversary of the signing of the Lilly Ledbetter Fair Pay Act at the White House in Washington January 29, 2016. REUTERS/Kevin LamarqueThomson ReutersBarack Obama speaks at the Lilly Ledbetter Fair Pay Act event in Washington, DC.
U.S. President Barack Obama will propose a new $10 a barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday.
The proposed fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled U.S. Congress.
Reporting by Ayesha Rascoe and Roberta Rampton. Editing by Eric Beech.
Read the original article onReuters. Copyright 2016. Follow Reuters on Twitter.