US Congress Rejects EU Carbon Tax on US Overseas Carriers

Though the globe has been cooling since 1998, the EU is set to impose a carbon tax on carriers traveling to EU nations -- that includes US carriers. It will steal billions of Dollars from the airlines hit with the tax.

The US Congress just passed a bill to "protect" US carriers from this tax. How this will not lead to some kind of trade dispute remains uncertain, but one thing is sure, the EU is desparate for money, and this is one of the ways they will steal it.

http://hosted.ap.org/dynamic/stories/U/US_CONGRESS_AIRLINE_EMISSIONS?SIT...

 

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