European airlines look to shake off green agenda as fuel prices soar [Yahoo! Finance Canada]
GE Aerospace (GE)
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Source: Yahoo! Finance Canada
prices, looking to push back against the EU's green agenda and what ?the industry says are cumbersome rules surrounding sustainable jet fuel. Citing a lack of available supply and prohibitively high costs, Europe's ?airlines are expected to call for regulators to roll back mandates for the use of synthetic sustainable jet fuel (eSAF) starting in 2030, Reuters reported this week. The lobbying ?comes after Air France-KLM, Ryanair, Lufthansa, easyJet and British Airways-owner IAG have for years lamented what they see as an unequal burden on Europe's airlines, allowing Asian and Middle Eastern carriers a cost advantage. The green jet fuel industry and environmental groups insist the shift is necessary to reduce the sector's reliance on oil. MIDDLE EAST WAR RIPPLES THROUGH SECTOR While sustainability is in focus, the Iran war and oil prices above $100 a barrel ?will likely be front and centre. The Middle ?East conflict, now well into its third week, has thrown aviation into tur
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