It is reported that ArcelorMittal has lost a legal challenge that sought to exempt it from the European Union's greenhouse gas cap and trade system.
The European Union's central court has threw out a challenge by steelmaking titan ArcelorMittal to the EU's scheme for forcing industries to pay for their greenhouse-gas emissions, saying that the EU's rules were fair.
The EU's emissions trading scheme is the key plank of the bloc's bid to fight global warming. It is designed to reward industries which reduce emissions and penalize those which do not by forcing all industrial plants to buy emissions permits.
ArcelorMittal had called for the ETS to be annulled and demanded damages for the costs it imposed, arguing that the scheme targeted the company unfairly. Steel making is one of the most emissions-intensive industries in the world.
The court said that but the EU's General Court its lower house dismisses the action for annulment as inadmissible and rejects Arcelor's claim for damages, arguing that the ETS did not target ArcelorMittal in particular
It added that "Arcelor is neither individually nor directly concerned by the directive. The directive applies, in a general and abstract manner, to all of the operators covered by the annex thereto."
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