Even that most socialist of countries - France, has backed away from the deceitful tax called cap-and trade. Why? Because Sarkozy and ilk were afraid that it would make France uncompetitive. America - listen up- even the french are doing it - abandoning the green thing that is.
Environmental Regulations: While U.S. politicians try to keep the idea alive here, the French have announced cancellation of their version of cap-and-trade. They say it will hurt their competitiveness. Vive la France.
Moments of crisis concentrate the mind wonderfully, or at least they should. In France, as public-sector workers mount a nationwide strike and fallout continues from the ruling party's heavy defeat in regional elections, Prime Minister Francois Fillon has indicated that his government will abandon plans to introduce a domestic carbon tax.
"We have to amplify measures that help reinforce the competitiveness of our economy," Fillon told the Reuters news agency. But what about all those green jobs? What about saving planet Earth from imminent planetary doom? Sacre bleu!
France would have been the largest country to impose a carbon tax as part of its efforts to tackle alleged man-induced climate change. It still hopes for an EU-wide tax, which would hamper everybody's economy. Unlike here, France prefers not to lead by example, hoping others will follow.
When the new tax was first approved by parliament last year, President Nicolas Sarkozy hailed it as a vital weapon against global warming. But it was struck down by France's highest court just 48 hours before it was due to come into effect. Read at Investors.com
No comments:
Post a Comment