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”.
There’s more. The EU’s “emissions-trading-scheme” (ETS) is modelled on instructions from the “International Panel on Climate-Change” (IPCC) of the United Nations Organisation. The Chairman of the IPCC is one Dr Rajendra K.Pachauri, a former railway-engineer, who obtained this post by virtue of his being Chairman of the “Tata Energy-Research Institute” – set up by Tata Steel.'
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