alcazar

iTrader: (2)

Coming to an industry and a town near YOU!

Interview with Phillippe Varin, the CEO of Corus, the UK steel manufacturers in yesterday's local paper. In it, he warned that the EC are rushing through legislation that will require all industry in the EC to reduce carbon dioxide emissions by 20% by the year 2020.

Of course, if passed, the UK government will, as always, enforce it to the letter of the law, while the rest of Europe quietly ignores it.

And if we DO enforce it? Varin warns that his company would simply move steel production to a country with lower targets than the UK, somewhere like the USA, India, China, Russia. NOT Europe as their TARGETS, whether enforced or not, would be the same as ours

That would mean NO less emissions, in fact MORE as the steel would have to be transported here and IMPORTED, (oh dear, balance of payments too ).

And if it happens? Well in the steel industry alone, you would be looking at 20,000 job losses in Scunny from the works and associated industry, repeated in S. Wales, Teesside and Sheffield, with other places showing similar losses of jobs too.
Who's going to import raw steel to Birmingham, for example, when finished steel items could be made cheaper elsewhere, and steel would have to come from abroad?

For someone brought up in an industrial town, this is really scary.

Your thoughts?

Alcazar

jaytc2003

iTrader: (1)

yep I will be feeling the effects at the end of this year, oil production plant is being shut down as it will cost to much to bring upto standard on the h & s side of things, so production is moving to france and also to china