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ArcelorMittal - The Biggest Beneficiary of the European Emissions Trading Scheme
ArcelorMittal is the world’s largest steel company, the EU’s fifth largest polluter and the EU Emissions Trading Scheme’s biggest beneficiary! In 2008 ArcelorMittal had over 14 million permits to pollute that it did not require and by 2012 it may have as many as 80 million equivalent to the annual emissions of Denmark. The company could stand to make over £1 billion in Phase 2 of the Emissions Trading Scheme. Read our briefing 'The case of ArcelorMittal' and the information below for more information. We have been able to produce this analysis with the generous assistance of Carbon Market Data who have carefully matched EU polluting installations, with their parent companies. Their online database is available at www.carbonmarketdata.com
ArcelorMittal has 85 installations.
ArcelorMittal allocations vs emissions for 2008 in tonnes of CO2
Total allocation: 89,038,944 tonnes
Total emissions: 68,365,487 tonnes
Total overallocation: 20,673,457 tonnes
Permits used in flue gas transactions: 6,369,179 tonnes
Overallocation adjusted for flue gas transactions: 14,304,278 tonnes
Registered as a Community Interest Company in England & Wales: Company No. 6714443
Registered Address: BWB Secretarial Ltd, 2-6 Cannon Street, LONDON, EC4M 6YH
Trading Address: 4 Charterhouse Square, LONDON, EC1M 6EE