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France Abandons Plan for Carbon Tax

Posted By admin On March 24, 2010 @ 8:58 am In Old Infowars Posts Style,World News | Comments Disabled

MATTHEW SALTMARSH
The New York Times
March 24, 2010

  • A d v e r t i s e m e n t
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After months of political rancor and legal obstacles, the French government on Tuesday shelved its plan to introduce a tax on carbon emissions that had been a cornerstone of President Nicolas Sarkozy’s enviromental policy.

Ministers and members of the governing UMP party said the tax would put French companies at a disadvantage to their European neighbors, most of whom do not pay anything similar.

But analysts said the drubbing handed to the center-right government on Sunday in regional elections brought the U-turn from Mr. Sarkozy.

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