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EU building trade barriers behind climate issue

Posted on 05 October 2010

From Theaustralian.com.au: The European Union in general and France in particular have been trying to erect trade barriers behind global warming for years. EU countries have no low-cost coal and hence no low-cost energy. In fact, they subsidise their remaining inefficient coal mines due to the power of the mining unions.
If they can get the US, Australia and other low-cost coal producers to impose a carbon tax on themselves, EU exports will become more competitive……………………………………….Full Article: Source

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VRS - who has written 42208 posts on Opalesque Commodities Briefing.


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