Thursday, July 5, 2007

E.ON Says Revenue From Emissions-Permits Sales Should Be Used to Cut Taxes

(Bloomberg) -- E.ON AG, Germany's biggest power
utility, said revenue from auctions of European Union carbon
dioxide permits should be used to curb energy taxes.

A German decision this year to auction some permits instead
of giving them all away for free was a ``step in the right
direction,'' E.ON said today in an e-mailed statement. ``Uniform
auctioning must be introduced throughout Europe.''


Read more at Bloomberg Energy News

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