EU to unveil tough climate rules, with tax on foreign firms
BRUSSELS (AP) — The European Union on Wednesday is unveiling sweeping new legislation to help meet its pledge to cut emissions of the gases that cause global warming by 55% over this decade, including a controversial plan to tax foreign companies for the pollution they cause.
The proposals by the European Commission, which is the EU’s executive branch, will cover everything from tougher caps on car pollution to new national limits on gases from buildings. It will see a revamp of the bloc’s emissions trading scheme under which companies pay for the gases they send into the air.