Etihad chief attacks EU ETS

Victoria
By Victoria September 23, 2011 07:24

Etihad chief attacks EU ETS

Speaking at the New York’s Wings Club, James Hogan, CEO of Etihad Airways, berated the European Union’s Emissions Trading Scheme (EU ETS) as simply a means to increase revenue. He said the EU ETS, despite its stated good intentions, “seems to focus on financial returns to EU governments rather than real measures to mitigate greenhouse gas emissions”.

He added: “It is a revenue-generating tax, plain and simple. We cannot support legislation that unfairly penalises the industry. The aviation industry should not be the whipping boy when it comes to the environment.” Etihad estimates the tax could cost it up to €500m ($719m) over the next eight years. Hogan therefore called on policymakers to devise alternative schemes that allow carriers to continue to grow.

Victoria
By Victoria September 23, 2011 07:24
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fenvironmental%2Fetihad-chief-attacks-eu-ets%2F"> registered </a> users can comment.