Tuesday, October 9, 2012

US Nonparticipation in EU Cap & Trade

There is good news in that the Democratic Senate has finally come up with a reasonable approach on a topic.

In the Government Concentrates section of the October 1 issue of C&E News, CH reports that the Senate has unanimously passed a bill which would prohibit US airlines from participating in the European Union's Cap & Trade system for greenhouse gas emissions.

A similar bill has already been passed by the House and after working out minor differences in committee, we will see whether Pres. Obama will sign the legislation.

A secondary interesting aspect is how the European Union will respond. Will it prohibit US airlines from having their planes take off and land in EU country airports?

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