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Effective today, The ROBERT | CHARLES Group is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.

Friday, June 8, 2012

US government slams EU policy on aviation emissions

Environmental Finance | News | US government slams EU policy on aviation emissions
The Obama administration harshly criticised the EU for forcing US airlines to participate in its emissions trading system (ETS), but stopped short of asking Congress to pass a bill to exempt the domestic industry.  Transportation Secretary Ray LaHood told members of the Senate Commerce, Science and Transportation Committee on Wednesday that the administration was strongly opposed, both on legal and policy grounds, to the imposition of the EU ETS on US airlines, even though it shares the EU’s objective of reducing aviation’s impact on the environment.

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