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JUN 20, 2013 - Business Insider

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RYANAIR CEO: Drop The 'Nonsensical' CO2 Tax And Let Airlines Save Europe

The European Union's emission trading scheme (ETS) as it applies to airlines is "nonsensical," Ryanair CEO Michael O'Leary said at a press conference at the Paris Air Show on Wednesday morning.  Through the ETS, the EU has put a cap on carbon emissions produced by flights to or from European airports, in an effort to mitigate the industry's impact on the climate. Airlines are given tradeable allowances for CO2 emissions per year. Because China, the United States, and other "sensible economies," in O'Leary's view, have resisted participating, however, the rules are applied most ... Read More

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