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Singapore faces pressure to reveal carbon tax concessions to oil giants
Local groups say transparency on tax breaks for polluters is crucial for accountability as Singapore’s carbon tax covers 70% of emissions but details remain undisclosed.
- Conservation groups pressed the Singapore government to disclose allowances the National Climate Change Secretariat awarded, saying closed-door concessions granted to some businesses demand transparency.
- Designed to prevent carbon leakage, Singapore's carbon tax was scheduled to rise every few years to give emissions-intensive, trade-exposed companies time to invest in cleaner technologies, and only facilities with credible net-zero plans receive partial concessions.
- While the tax covers around 70% of Singapore's emissions, the NCCS has not disclosed the exact reductions, and no public data exists on high‑emitting companies; LepakInSG estimates a $6.20 monthly household impact.
- The government says the breaks are `not a free pass` and remain private due to business concerns, while officials add concessions target only facilities with credible plans; Shell, ExxonMobil, and Chevron declined comments.
- Regionally, several countries plan similar taxes next year while U.S. President Donald Trump derailed international shipping emission efforts this month, and environmentalists warn oil concessions may weaken incentives.
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14 Articles
Coverage Details
Total News Sources14
Leaning Left3Leaning Right1Center10Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
L 21%
C 72%
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