Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Rio Tinto, Tata, Ineos Seek Relief From U.K. Carbon Floor Price

Nov. 1 (Bloomberg) -- Rio Tinto Plc, Tata Steel Ltd. and Ineos Group Holdings Ltd. are among “dozens” of U.K. companies that will seek relief from climate-protection measures including the so-called carbon floor price proposed earlier this year, said an industrial lobby group.

Corporate energy consumers need relief after power and fuel costs have surged, said Jeremy Nicholson, director of the Energy Intensive Users Group, which represents industries that consume large amounts of gas and power.

The U.K. will hopefully announce relief measures later this month, reflecting incentives offered in Germany, Nicholson said today by phone. “The German tax breaks are surprisingly generous,” he said.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Alessandro Vitelli at avitelli1@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.