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EU EMISSIONS TRADING SCHEME PROHIBITION
(House of Representatives - November 13, 2012)

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                EU EMISSIONS TRADING SCHEME PROHIBITION

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Mr. Speaker, a little bit later today the House is 
going to vote on the European Union Emissions Trading Scheme 
Prohibition Act. This is a bill that is very important to our civilian 
and civil aviation operators. It would block them from participating in 
the European Union's emission trading scheme.
  Now the reason this is important is because of this: according to 
Bloomberg news, the inclusion of the airline industry in the EU's 2005 
cap-and-trade program will cost U.S. airline companies between--get 
this--$10.1- and $39.4 billion from 2012 to 2020. Now who do you think 
is going to pay that cost? Consumers are going to pay it.
  The House has already decided we don't want a cap-and-trade system. 
We voted against that domestically, so why would we want our airline 
industry to have to participate in this on an international basis? MIT 
economists have looked at it and said the new rule will increase costs 
on passengers flying to Europe, all to subsidize their cap-and-trade 
systems.
  With rising fuel costs and a down economy, we simply cannot afford 
this. So for these reasons, I urge my colleagues to protect American 
sovereignty to support our domestic aviation industry and vote in favor 
of H.R. 1956.

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