About 25 students gathered on the steps of Sproul Hall on Earth Day to rally support for an oil-tax initiative that would generate funds for education, among other government programs. The California Modernization and Economic Development Act, drafted by UC Berkeley students in January, would implement a 9.5 percent severance tax on oil and natural gas extracted in California and could create anywhere from $2 billion to $2.5 billion in revenue. Read more here.