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Wednesday, February 13, 2013

Carbon Tax Turns Into Windfall For Airlines

Airlines are collecting a carbon tax to comply with a European Union law that has yet to go into effect. (Elaine Thompson/AP)

Airlines are collecting a carbon tax to comply with a European Union law that has yet to go into effect. (Elaine Thompson/AP)

Did you know that if you fly to Europe, you pay a tax to offset the carbon your flight emits?

The nonprofit group Transport & Environment found that last year, airlines in the U.S. collected as much as a billion dollars from its passengers to comply with a European Union law that has yet to go into effect.

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