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ArcelorMittal is the biggest beneficiary of the EU Emissions Trading Scheme
(07/12/2009)

According to climate change NGO Sandbag, the UK’s richest resident, Lakshmi Mittal, CEO and major shareholder of the steel giant ArcelorMittal, could make over £1 billion between now and 2012 from his company’s participation in the EU’s 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 beneficiar... [more]

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