Thursday, December 22, 2011

Turbulence Ahead, As European Court Demands Climate Fee From U.S. Transatlantic Flights

Expect to pay more in the future to fly to London or Paris. Europe’s highest court ruled Wednesday that U.S. airlines must comply with a European Union carbon emission trading scheme, triggering protests from the Obama administration, the aviation industry and free market groups – and raising fears of a costly trade war in coming year. Read

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