Tags: EU | EU | ArcelorMittal | Emissions

ArcelorMittal Loses Court Challenge on Emissions

Tuesday, 02 Mar 2010 09:23 AM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

AG Nominee Gets 2 GOP Endorsements After Witnesses Attack DOJ

Thursday, 29 Jan 2015 23:33 PM

Two Republicans on the Senate Judiciary Committee endorsed Loretta Lynch's nomination as attorney general, but not befor . . .

US-Led Airstrikes Slam ISIS Targets in Syria and Iraq

Thursday, 29 Jan 2015 22:20 PM

The United States and coalition partners launched six airstrikes against Islamic State (ISIS) targets in Syria and 12 mo . . .

Rep. Peter King: 9/11 Lesson Is Ex-Gitmo Detainees Threat to US

Thursday, 29 Jan 2015 21:53 PM

Rep. Peter King says President Barack Obama should remember the lessons of 9/11 and stop releasing detainees from the mi . . .

Most Commented

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