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Old 12-09-2009, 09:42 PM
NotThe1 NotThe1 is offline
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Default UKs richest man could make more than 1bn from carbon trading scheme


UKs richest man could make more than 1bn from carbon trading scheme
New analysis released by climate change NGO Sandbag has revealed that the UKs richest resident, Lakshmi Mittal, CEO and major shareholder of the steel giant ArcelorMittal, could make over 1 billion between now and 2012 from his companys participation in the EUs Emissions Trading Scheme.

ArcelorMittal has over 14 million emissions permits that it does not need in 2008, a figure which Sandbag estimates will rise to 80 million by 2012 making it by far the biggest beneficiary of the scheme across the EU.

Sandbag has written to CEO Laksmi Mittal urging him to commit to cancelling his companys unneeded emissions permits in what would be the largest act of climate philanthropy on record. If cancelled the 80 million surplus permits would prevent 80 million tonnes worth of pollution going into the worlds atmosphere, equivalent to the annual emissions of Denmark, the country where critical climate change talks are just commencing. Such an act would also come close to matching the cuts required the UKs whole carbon budget between now and 2012.
UK?s richest man could make more than 1bn from carbon trading scheme | War On You: Breaking Alternative News

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Old 12-09-2009, 10:03 PM
BlueAngel BlueAngel is offline
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Default Re: UKs richest man could make more than 1bn from carbon trading scheme

Your were warned, NotThe1.

So, you have been banned for seven days.

You cannot advertise products on this forum via your signature links.

If your signature link provides a directive to a website that appears to present information that is pertinent to this forum's objective, and I conclude that the primary objective of that website's existence is for product advertisement purposes only, you will be banned.

If your signature link provides a directive to a website that appears to present information that is pertinent to this forum's objective, but your signature link also includes directive(s) to other websites for product advertisement purposes only, you will be banned.

If you have a product that you desire to advertise on this forum, take it up with the owner of the site, Sanjay Sabini or send me a PM and I'll pass it on to him.

Last edited by BlueAngel : 12-09-2009 at 11:11 PM.
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