ArcelorMittal speaks up on climate policy when it believes the steel industry’s viability could be threatened, a company spokesperson told H2 View, amid allegations of green hydrogen subsidy misuse.
The comments come after a report by steel advocacy group, SteelWatch, alleged – among other things – that the steelmaker “actively lobbied” for slower or weaker climate policies in the EU and South Africa.
“The purpose of climate policy we believe should be to enable and incentivise the steel industry to transition to lower-carbon technologies,” the spokesperson said.
However, if climate policy would make steelmaking “unviable,” the spokesperson said, “we believe it is counterproductive, not fulfilling its purpose and potentially only leading to carbon leakage and theoretically higher emissions.”
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