SOURCE: Industrial Info Resources

Industrial Info Resources

October 07, 2014 06:30 ET

Europe Approves Carbon Giveaway for Heavy Industry, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwired - Oct 7, 2014) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The European Parliament has narrowly approved plans by the European Commission (EC) to boost the competitiveness of its heavy industries by giving them billions of euros worth of carbon allowances. The EUR5 billion scheme was voted in by a cross-parliamentary committee by 34 votes for versus 30 against.

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