Fortune magazine published an article yesterday bemoaning the state of the airline industry that is facing new carbon taxes in the form of the European Union’s Emissions Trading Scheme (EU ETS), which comes into for on January 1. From January, all airlines regardless of nationality that fly into or over European Union airspace will be required to buy carbon credits for every tonne of CO2 they emit. Non-European airlines and their home nations are opposing EU Emissions Trading Scheme (ETS), which they claim is illegal. Airlines for America (A4A), American Airlines and United Continental have brought a case to the

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