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European Union delays carbon tax for one year
The EU will put its controversial carbon tax on intercontinental airline flights on hold for a year to give time for international talks to reach a compromise on the issue, a European source said Thursday. EU environment ministers reached agreement with lawmakers from the European Parliament to put the tax…
Airlines made windfall profits after EU freeze on carbon taxes
Airlines made up to half a billion euros in windfall profits last year by passing on a carbon surcharge to travellers despite an EU decision to freeze its controversial carbon tax, environmentalists said on Tuesday. Green group Transport and Environment said airlines chalked up extra revenues estimated at 486 million…
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