×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: EU | EU | ArcelorMittal | Emissions

ArcelorMittal Loses Court Challenge on Emissions

Tuesday, 02 March 2010 09:23 AM EST

The world's largest steel maker ArcelorMittal SA on Tuesday lost a legal challenge that sought to exempt it from the European Union's greenhouse gas cap-and-trade system.

The EU's general court said the company could not annul the EU law that issues pollution permits to major carbon dioxide emitters and loads them with costs if they pollute more than allowed.

The court said ArcelorMittal's claims that the EU program damaged its right to do business and to own property were "inadmissible." It also says the company has no grounds to seek damages. The company can appeal the ruling within two months.

ArcelorMittal spokesman Jean Lasar said the steel maker is still concerned that the European emissions trading system "might put an excessive strain on the EU steel industry's competitiveness and threaten steel making jobs."

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
The world's largest steel maker ArcelorMittal SA on Tuesday lost a legal challenge that sought to exempt it from the European Union's greenhouse gas cap-and-trade system.The EU's general court said the company could not annul the EU law that issues pollution permits to...
EU,EU,ArcelorMittal,Emissions
133
2010-23-02
Tuesday, 02 March 2010 09:23 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved