WRITTEN BY JAMES WOUDHUYSEN ON JAN 25, 2024. POSTED IN LATEST NEWS
‘Dangerous, Irrational’: How Net Zero Is Killing British Industry
Indian company Tata Steel confirmed last week that up to 2,800 jobs will go at its main site in Port Talbot, Wales.
Tata announced that it is to shut down both of its coal-fired blast furnaces and replace them by 2027 with low-CO2 electric-arc furnaces, which will require far fewer staff to operate.
The British state is to contribute £500 million to the plan, which Tata estimates will cost £1.25 billion in total. [emphasis, links added]
This is not a case of replacing like with like. Port Talbot’s coal-fired blast furnaces make virgin steel, the material on which Britain’s car-manufacturing sector, among other industries, depends.
https://climatechangedispatch.com/dangerous-irrational-how-net-zero-is-killing-british-industry/
