United Continental CEO blasts EU emissions trading scheme

04/4/2011 | Financial Times (tiered subscription model)

In less than eight months, all airlines flying into and within Europe will have to abide by the European Union's emissions trading scheme. The Air Transport Association has legally challenged the inclusion of non-EU-based airlines in the scheme, which is now before the European Court of Justice. Extending the scheme to foreign airlines was "inappropriate" and "exceeds the legal authority of the European Union," said United Continental President and CEO Jeff Smisek. "It would be the equivalent of if California were regulating auxiliary power units in Heathrow," he said. "Probably people in Heathrow would be pretty outraged by it."

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