Wael Mahdi reports for Bloomberg:
Saudi Arabia ordered its national airline not to comply with European Union emissions-trading rules in protest against the bloc’s decision to include non-EU carriers in its carbon market, two people with knowledge of the matter said.
Saudi Arabia, the US, China, India and 25 other countries issued a joint statement in February opposing the EU law. The group might meet in Jeddah early next year to discuss a compromise. ♦