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UK Environment Agency to get plane seizure power

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Added by apesphere on 04 Mar 2009
From: www.guardian.co.uk

Image courtesy markhillary via Flickr

The Environment Agency is to get seizure powers for its new role policing the CO2 Emissions Trading Scheme for airlines.

The power, which has not been instituted in relation to businesses already subject to emissions trading such as power because of the extra difficulty involved in ceasing assets of companies without a fixed presence in the country.

While the Environment Agency's new chairman Lord Smith is trusted by environmental campaigners, they are far from confident about the effectiveness of the cap and trade scheme itself, particularly since the price of carbon has fallen through the floor.

Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services