• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 14 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 4 hours Socialists want to exorcise the O&G demon by 2030
  • 5 hours Chevron to Boost Spend on Quick-Return Projects
  • 20 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 3 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 3 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 13 hours UK, Stay in EU, Says Tusk
  • 3 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 17 hours Maritime Act of 2020 and pending carbon tax effects
  • 5 hours Conspiracy - Theory versus Reality
  • 1 day Venezuela continues to sink in misery
  • 12 hours Regular Gas dropped to $2.21 per gallon today
  • 20 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
Chevron And Occidental Join Bill Gates Backed Tech Company

Chevron And Occidental Join Bill Gates Backed Tech Company

Chevron and Occidental Petroleum recently…

Heavy Crude: From Glut To Shortage

Heavy Crude: From Glut To Shortage

Some analysts are worrying about…

Obama Signs Bill to Exempt US Airlines from EU Aviation Carbon Tax

The EU has set a tax on carbon emissions for all aircraft flying into European countries, all part of the Emissions Trading Scheme (ETS). The problem is that Obama has just signed a bill that exempts US airlines from paying that carbon tax.

Specifically the bill gives the US transportation secretary the power to shield US airlines from the tax; an unusual bill, according to Reuters, as it allows US airlines to ignore EU laws.

Clark Stevens, a spokesman from the Whitehouse, explained that “the Obama administration is firmly committed to reducing harmful carbon pollution from civil aviation both domestically and internationally, but, as we have said on many occasions, the application of the EU ETS to non-EU air carriers is the wrong way to achieve that objective.”

He also stated that Obama is focused on finding a global solution to reduce emissions with the UN’s International Civil Aviation Organisation (ICAO).

Related Article: Polluters Must Pay In 'The New Era Of Responsibility': Jeffrey Sachs

Well I suppose that this is kind of acceptable; that Obama has decided to forgo a European solution to concentrate on a global one. However, the ICAO’s ‘global solution’ has already been in the pipeline for over ten years and still no progress has been made. It was for this exact reason that the EU got fed up and decided to take matters into their own hands by creating their own aviation carbon tax.

Connie Hedegaard, the EU’s climate chief, was quick to voice her disapproval at Obama’s actions. She said that immediately after his re-election Obama had admitted that the US had not done enough on climate change. This bill just reinforces that statement, and suggests that the US still has little intention on making any significant contribution.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News