Tuesday, July 26, 2011
For more background on tomorrow's Congressional hearings on the EU ETS, blog readers may want to peruse the recently proposed EU ETS Prohibition Act, H.R. __ (112th Cong., July 20, 2011) (available here). The proposal directs the Department of Transportation to "to prohibit an operator of civil aircraft of the United States from participating in any emissions trading scheme unilaterally established by the European Union." The proposal does not provide specific penalties for U.S. carriers which defect from the prohibition, however.