Posted on 11/28/2012 5:28:30 PM PST by Olog-hai
President Barack Obama signed a bill yesterday (27 November) shielding US airlines from paying for each tonne of carbon their planes emit flying into and out of Europe, despite a recent move by Europe to suspend its proposed measure for one year.
The bill was the first piece of legislation debated on the House floor after the US Congress returned from recess on 13 November, and had been cleared by the Senate in September in a rare unanimous vote. It gives the American transportation secretary the power to shield US airlines from Europe’s Emissions Trading System (ETS). …
“It never made a bit of sense for European governments to tax our citizens for flying over our own airspace—and with the passage of this law, we’ve got the tools we need to prevent it from happening and protect American jobs,” said Democratic Senator Claire McCaskill, a co-author of the bill. …
(Excerpt) Read more at euractiv.com ...
Pity it wasn’t amended to protect industry on the ground.
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