Monday, March 03, 2008
Carmakers could earn emissions reprieve
The European Commission’s policy of fining carmakers in violation of CO2 emissions rules has been challenged by the European Parliament’s legal affairs committee, according to the Financial Times.
Under the proposal, carmakers could be fined up to €13bn (£9.9bn) annually for violating targets.
The committee said the proposal exceeded Brussels’s remit and issued a report saying that fining a carmaker looked like a “tax for the benefit of the community” where the community had no “competence whatsoever to levy [such a tax]”.
The European Parliament’s legal service has been asked for an additional report looking into the issue by the committee.
DATED: 03.03.08
FEED: MT
