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Obama shields U.S. airlines from EU carbon-trading scheme

Posted on 28 November 2012

President Obama signed a law Tuesday to prevent U.S. airlines from contributing to a European carbon-trading scheme, but negotiations for a global compromise will continue at a branch of the United Nations.
U.S. airlines had fought the program as an illegal tax that violates international law, estimating it would add $3.1 billion airfares over the next decade. European Union officials estimated it could add about $30 to each roundtrip ticket across the Atlantic. China, India and Russia also oppose the program………………………………………..Full Article: Source


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