Corus: 'We will quit EU to avoid carbon regime'NOT ONLY WILL AGREEMENTS LIKE THE EU'S DO NOTHING ABOUT CLIMATE CHANGE, THEY WILL DESTROY ECONOMIES.
Philippe Varin, the chief executive of Corus, is threatening to shift the steelmaker's European operations to China unless regulations governing carbon emissions are overhauled.
Mr Varin warned that politicians had to help fund new clean-energy technologies or face the prospect of Corus quitting the UK and Europe.
Corus employs around 25,000 workers in the UK and is in negotiations with unions over pay in an effort to curb large redundancies.
"If we are forced to buy CO2 credits on the market without a system to improve our production process, then we will not produce steel in Europe," said Mr Varin, who is also chairman of the World Steel Association's Climate Change Policy Group. "To cut carbon emissions of steel production, we need breakthrough technology, but this is extremely expensive, costing €200m to €300m to upgrade a one million ton production plant."
Varin, who spoke exclusively to the 'IoS' at the UN Climate Change conference in Poznan, said: "There is no way for us to fund this and pay penalties for our CO2 emissions. This would wipe out all of our profits and put us at a competitive disadvantage with manufacturers in nations which are not subject to carbon caps.
IT'S JUST ANOTHER MASS SUICIDAL POLICY FROM THE POSTMODERNISTS OF THE LEFT.
OBAMA IS ONE OF THEM.
REMINDER: MAN-MADE GLOBAL WARMING IS TOTAL BULLSHIT:
TELEGRAPH, (AND OLDIE BUT GOODIE):
US satellite figures showing temperatures having fallen since 1998, declining in 2007 to a 1983 level - not to mention the newly revised figures for US surface temperatures showing that the 1930s had four of the 10 warmest years of the past century, with the hottest year of all being not 1998, as was previously claimed, but 1934.MESSAGE TO ALL CARBONOPHOBIC ECO-NUTSIES: PLEASE STFU.