Loophole In EU Carbon Credit Trading Leaves U.S. Corporations Off The Hook

(MintPress)—U.S. corporations operating in the European Union (EU) are working a loophole in the carbon credit trading system that allows the purchase and sale of carbon credits banned by the European Commission, allowing companies to technically adhere to Kyoto Protocol standards while emitting an unlimited amount of greenhouse gases. Key American corporations, such as Dow […]

This Wednesday March 30, 2011 shows the Corus steel plant in IJmuiden, Netherlands. (AP Photo/Martin Meissner)

(MintPress)—U.S. corporations operating in the European Union (EU) are working a loophole in the carbon credit trading system that allows the purchase and sale of carbon credits banned by the European Commission, allowing companies to technically adhere to Kyoto Protocol standards while emitting an unlimited amount of greenhouse gases. Key

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City Bank ‘Cheats’ Europe In €600m Tax Avoidance Trading Scheme

  Some of the city of London’s biggest banks are behind a huge tax avoidance trade ‘cheating’ European countries of hundreds of millions of euros a year in a development that sheds fresh light on David Cameron’s decision to wield Britain’s EU veto to protect the Square Mile. A two-month study by the Bureau has […]

  Some of the city of London’s biggest banks are behind a huge tax avoidance trade ‘cheating’ European countries of hundreds of millions of euros a year in a development that sheds fresh light on David Cameron’s decision to wield Britain’s EU veto to protect the Square Mile. A two-month study by the Bureau has uncovered a discreet $102bn

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