France adopts 2014 budget; carbon tax on fossil fuels


London (Platts)—19Dec2013/753 am EST/1253 GMT

France’s Parliament definitively adopted Thursday the Socialist government’s budget for 2014 which introduces from January a carbon tax on the use of gas, heating oil and coal, Parliamentary documents show.

Key priorities in the budget are reducing the public deficit to 3.6% of GDP in 2014 and prioritising the government’s planned “energy transition” to support renewable energy and energy efficiency projects while reducing the role of nuclear power.

In a deciding vote Thursday in the lower house, L’Assemblee Nationale, the bill was agreed after support from Socialist, Green and other left-of-center parties. Members of the main centre-right opposition party, UMP, voted against.

The bill introduces a carbon tax on household use of gas, heating oil and coal in 2014, according to carbon content. The tax is to be implemented for transport fuels such as gasoline and diesel from 2015 onwards.

Continue reading HERE >>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Switch IPO the latest to limit investor voting rights

As many of 15 percent of U.S. IPOs in recent years have used dual share classes meant to give insiders outsized voting rights, according to the Council of Institutional Investors.

Details »

Wells Fargo executives, board must face lawsuit over fake accounts, federal judge says

http://www.reuters.com/article/us-wells-fargo-accounts-decision/wells-fargo-executives-board-must-face-lawsuit-over-fake-accounts-federal-judge-says-idUSKBN1CA1ZY

Details »

As Ford pushes into electric vehicles, U.S. union aims to save jobs

Ford’s presentation to investors this week under new chief executive Jim Hackett, included a slide touting a 30 percent reduction in “hours per unit” to build electric vehicles.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association