BluForest Inc.: Obama Vetoes E.U. Levied Carbon Tax on US Airlines

Charles Miller, Chief Executive Officer and Director of BluForest, Inc., stated, “BluForest believes that President Obama will continue to work towards reducing reliance on carbon energy sources during his second term in office, despite his signing of a bipartisan bill that vetoes an E.U. levied carbon tax on US Airlines flying into Europe. We at BluForest believe that this recent bill signing is to protect US Carriers by keeping to the existing protocol of a multilateral forum for international aviation issues.”

President Obama has said he’s going to continue his crusade against carbon energy in a second term. This is despite his Tuesday signing a bipartisan bill shielding U.S. airlines from paying a carbon tax merely for flying to Europe.

The European Union imposed its scheme to tax foreign airlines this year. This tax had ignored the usual multilateral forum for dealing with international aviation issues. The move drew a furious reaction from China and U.S. airlines, which estimated the tax would cost them $3.1 billion through 2020. The costs would be passed along to airline passengers.

In September the Senate passed by rare unanimous vote a bill directing the Transportation Secretary to protect U.S. carriers from the air tax if he deems it necessary, and the House followed upon returning after the election.

“The Obama Administration is firmly committed to reducing harmful carbon pollution from civil aviation both domestically and internationally,” said a White House spokesman on Tuesday, but “the application of the EU tax to non-EU air carriers is the wrong way to achieve that objective.”

BluForest is entering a rapidly evolving industry that offers investors the opportunity to get involved during the early stages of a marketplace poised for significant returns with mitigated risks. In addition to the voluntary carbon market which is demonstrating significant growth resulting from awareness and social responsibility, the Carbon Credit regulatory markets in Europe, Australia, California, Mexico and several other jurisdictions are also experiencing substantial growth. These indicators and the potential developments within the EU all point to a clear message: ‘The time to invest in BluForest, an ethical company positioned to capitalize on this growth has never been better!’

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