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Senate votes to shield U.S. airlines from EU’s carbon scheme

Posted By yihan On September 23, 2012 @ 3:08 am In Money Watch | Comments Disabled

Valerie Volcovici
Reuters [1]
Sunday, September 23, 2012

The Senate unanimously passed a bill on Saturday that would shield U.S. airlines from paying for their carbon emissions on European flights, pressuring the European Union to back down from applying its emissions law to foreign carriers.

The European Commission has been enforcing its law since January to make all airlines take part in its Emissions Trading Scheme to combat global warming, prompting threats of a trade fight.

The Senate approved the bill shortly after midnight, as it scrambled to complete business to recess ahead of the November 6 congressional and presidential elections.

Republican Senator John Thune, a sponsor of the measure, said it sent a “strong message” to the EU that it cannot impose taxes on the United States.

“The Senate’s action today will help ensure that U.S. air carriers and passengers will not be paying down European debt through this illegal tax and can instead be investing in creating jobs and stimulating our own economy,” Thune said in a statement.


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URL to article: http://www.prisonplanet.com/senate-votes-to-shield-u-s-airlines-from-eus-carbon-scheme.html

URLs in this post:

[1] Reuters: http://www.reuters.com/article/2012/09/22/us-usa-carbon-airlines-idUSBRE88L06C20120922

[2] European Union imposes emissions tax on US passengers, airlines: http://www.prisonplanet.com/european-union-imposes-emissions-tax-on-us-passengers-airlines.html

[3] China Bans Airlines From Paying EU Carbon Charge: http://www.prisonplanet.com/china-bans-airlines-from-paying-eu-carbon-charge.html

[4] Airlines ready for next battle against EU carbon law: http://www.prisonplanet.com/airlines-ready-for-next-battle-against-eu-carbon-law.html

[5] As European Carbon Tax on Airlines Takes Off, Higher Air Fares Loom: http://www.prisonplanet.com/as-european-carbon-tax-on-airlines-takes-off-higher-air-fares-loom.html

[6] EU Courts Force Airlines into Carbon Trading Market: http://www.prisonplanet.com/eu-courts-force-airlines-into-carbon-trading-market.html

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