Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

EU Weighing ‘Confiscation’ of Carbon Permits, Steel Lobby Says

Don't Miss Out —
Follow us on:

Feb. 25 (Bloomberg) -- A European Union plan known as the roadmap to set aside carbon permits starting in 2013 and slash emissions through 2050 amounts to “confiscation,” said a steel-industry lobby group.

“The confiscation of allowances from the emissions trading system, as proposed by the roadmap, will have exactly the same effect as a unilateral move” to a 30 percent carbon reduction target by 2020, Eurofer Director General Gordon Moffat said today in an e-mailed statement. “This is unacceptable. We hope member states will not fall into this trap.” The plan will lead to “the deindustrialization of Europe,” the statement said.

Link to Company News:{MT NA <Equity> CN <GO>} Link to Company News:{SZG GR <Equity> CN <GO>} Link to Company News:{TKA GR <Equity> CN <GO>} Link to Company News:{VOE AV <Equity> CN <GO>}

To contact the reporter on this story: Mathew Carr in London at

To contact the editor responsible for this story: Mike Anderson at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.