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Article: United Kingdom : Britain s Worst Carbon Polluters Set For Multi-Million Pound Windfall.
- Article from:
- TendersInfo
- Article date:
- September 16, 2008
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Byline: Mamta03
An in-depth investigation by The Guardian newspaper has revealed that many of Britain s most polluting companies stand to receive a windfall of hundreds of millions of pounds, with no benefit to the environment.
The huge handout comes as a result of the over allocation of carbon permits to some of the biggest names in world business, including Ford, Toyota and pharmaceuticals giant Astra Zeneca.
Under the European Union s flagship carbon trading scheme, permits are distributed to companies by the government, and are intended to account for their carbon emissions over the following five year period. However, figures published by ...