French Constitutional Court Rejects Carbon Tax

Source: Bloomberg

Dec. 30 (Bloomberg) -- France’s constitutional court rejected a proposed tax on carbon emissions, saying a web of exemptions violated the principal of equality and rendered efforts to cut greenhouse gas emissions ineffective.

The government said it will make new proposals on Jan. 20.

The tax, which would have started on Jan. 1, was set at 17 euros ($24.38) per ton of carbon-dioxide emissions, President Nicolas Sarkozy said in September. To make the tax more palatable, he partially or fully exempted power plants, public transport, airlines, farming and fishing, as well as 1,018 older cement, steel and glass factories.

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“The court ruled that the system of exemptions, due to their extensive nature, were contrary to the objective of fighting global warming and contravene the principle of equality before the tax system,” the court said.

Read more: http://www.bloomberg.com/apps/news?pid=20601092&sid=aY9Dhj8qZZZE

The french people wont put up with the crap and the lies or the nwo..and neither should we.

more and more. this carbon tax would be a cash cow for wall street and a "tax" on working people. the relationship between the wall street bankers and our government is becoming incestuous, i fear this nonsense will be passed...too much money changing too many hands.

Rather than the tax per se. Fossil fuel aficionados and other climate change denialists probably shouldn't see this as a victory for their position.