Airbus CEO says Inflation Reduction Act imbalanced and unfair

Follow us on Google News:
 Airbus CEO says Inflation Reduction Act imbalanced and unfair
Image source: ©2022 Kalkine Media®

TOULOUSE, France, Nov 30 (Reuters) - The head of European planemaker Airbus voiced alarm over the United States' new Inflation Reduction Act (IRA) on Wednesday, warning it would encourage investment in the United States at the expense of Europe.

The new tax-credit law accelerates decarbonisation but risks creating "imbalance and unfairness", Chief Executive Guillaume Faury said.

Faury was speaking to reporters by video link during a company briefing on sustainability before joining French President Emmanuel Macron on a visit to the United States. (Reporting by Tim Hepher; editing by David Evans)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles