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By: Newsnation
US, Saudi Arabia, others stop proposed global fee on shipping emissions

By Cassandra Buchman
The U.S. successfully blocked the passage of a deal that would’ve established internationally mandated emission reduction targets in the shipping industry. American leadership felt the deal would’ve raised prices for consumers due to projected fees that fleet owners said could reach hundreds of billions of dollars annually. Deal blocked The International Maritime Organization (IMO) got...
The post US, Saudi Arabia, others stop proposed global fee on shipping emissions appeared first on Straight Arrow News.
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