Another Reason to Fear a Democrat President...

US to be taxed if it doesn't sign Kyoto...

PARIS, Jan. 31 - President Jacques Chirac has demanded that the United States sign both the Kyoto climate protocol and a future agreement that will take effect when the Kyoto accord runs out in 2012.

He said that he welcomed last week's State of the Union address in which President Bush described climate change as a "serious challenge" and acknowledged that a growing number of American politicians now favor emissions cuts.

But he warned that if the United States did not sign the agreements, a carbon tax across Europe on imports from nations that have not signed the Kyoto treaty could be imposed to try to force compliance. The European Union is the largest export market for American goods.

"A carbon tax is inevitable," Mr. Chirac said. "If it is European, and I believe it will be European, then it will all the same have a certain influence because it means that all the countries that do not accept the minimum obligations will be obliged to pay."

Trade lawyers have been divided over the legality of a carbon tax, with some saying it would run counter to international trade rules. But Mr. Chirac said other European countries would back it. "I believe we will have all of the European Union," he said.

A Democrat President would shit him/herself in a blind hurry to sign on to this crap...and send alGore to Europe as an environmental ambassador.

The reality of unintended consequences, of course, is that American companies would shift more of their focus to China, exempt from Kyoto.