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O’Melveny’s Nicksin Quoted in Forbes on US Airlines EU Carbon Tax

September 27, 2012

O’Melveny & Myers LLP Los Angeles counsel Bob Nicksin was quoted in the September 25, 2012, Forbes article “Democrats, Republicans Agree US Airlines Should Not Be Subject to EU Carbon Tax.” The article discussed the recent bill passed by the US Senate prohibiting American airlines from joining the European Union’s carbon trading scheme and how the UN’s International Civil Aviation Organization has been working to create a global alternative to the scheme.

 

Nicksin, a member of O’Melveny’s Project Development and Real Estate Practice, told Forbes, “ICAO has put forth various schemes for cap and trade and various other policies that would reduce emissions – so it behooves every airline and nation to figure out, if we are going to be regulated under a carbon scheme, which approach is best for me? There’s a lot to look at with regard to baselines, efficiency, and so forth, and there may well be a difference of opinion on how best to deal with emissions between developing and developed countries. No one wants to see a trade war between the EU and other countries but at this point there have really not been any solutions proposed that all countries seem ready to embrace. We’ll have to stay tuned and see what develops.”