Wednesday, 24 March 2010

France ditches carbon tax as social protests mount

Telegraph
"President Nicolas Sarkozy on Tuesday scrapped the country's proposed carbon tax and reshuffled his cabinet in populist tilt after suffering a crushing electoral defeat over the weekend, when his Gaulliste UMP party lost every region other than in its bastion of Alsace and the Indian Ocean island of Reunion. ....The government said its energy tax was being postponed indefinitely in order not to "damage the competitiveness of French companies", fearing that it would be too risky for France to go it alone without the rest of the EU. Brussels has announced plans for an EU-wide tax, but the initiative already looks doomed. "

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