One way to improve the airline industry’s perceived environmental impact is for carriers to shout louder. Ironically, the International Air Transport Association (IATA) calls for operators to make more noise comes as airlines claim to have reduced sound levels by 75 percent in the past 40 years.
According to BP, rapid growth in demand for all forms of energy dominated world energy markets last year, leading to rising prices. While growth in demand from China in particular was exceptional, BP said the strength of demand growth was a global phenomenon, increasing above the 10-year trend in every region of the world.
If the provision is accepted by the House and the bill signed by the President, all aviation fuel will be taxed at the same rate as highway diesel fuel–24.4 cents per gallon. The purchaser would then have to submit a claim to the Internal Revenue Service to receive the difference between the 24.4 cents paid and the 21.8 cents per gallon actually owed.
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