The Carbon Trade Rip-Off

Here’s how it works:

Corus’ steelworks at Redcar, near Middlesbrough, “Teesside Cast Products”, is to be closed (”mothballed” is the euphemism). It is Britain’s last great steelworks and an essential national resource. Without it, we are at the world’s mercy.

Corus is owned by Tata Steel of India.   Recently, Tata received “EU-carbon-credits” worth up to £1bn, ostensibly so that steel-production at Redcar would not be crippled by the EU’s “carbon-emissions-trading-scheme”. By closing the plant at Redcar – and not making any “carbon-emissions” – Tata walks off with £1bn of taxpayers’ money, which it will invest in its steel-factories in India, where there is no “carbon-emissions-trading-scheme”.

Read the whole thing.

Advertisements

1 Comment

Filed under 0bama, liars, liberty, Politicians, politics, Projects, religion

One response to “The Carbon Trade Rip-Off

  1. forest

    I wonder what Butler would be like without the steel mill? The union hasn’t been able to destroy it yet, but this idiotic carbon trading scam sure will.

    Meanwhile, the “climate scientists” are going back for some remedial work to try to recover some credibility.

    http://www.timesonline.co.uk/tol/news/environment/article7039264.ece

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s