'Corus’ steelworks at Redcar, near Middlesbrough, “Teesside Cast Products”, is to be closed (”mothballed” is the euphemism). It is Britain’s last great steelworks and an essential national resource. Without it, we are at the world’s mercy.
Corus is owned by Tata Steel of India. Recently, Tata received “EU-carbon-credits” worth up to £1bn, ostensibly so that steel-production at Redcar would not be crippled by the EU’s “carbon-emissions-trading-scheme”. By closing the plant at Redcar – and not making any “carbon-emissions” – Tata walks off with £1bn of taxpayers’ money, which it will invest in its steel-factories in India, where there is no “carbon-emissions-trading-scheme”.
There’s more. The EU’s “emissions-trading-scheme” (ETS) is modelled on instructions from the “International Panel on Climate-Change” (IPCC) of the United Nations Organisation. The Chairman of the IPCC is one Dr Rajendra K.Pachauri, a former railway-engineer, who obtained this post by virtue of his being Chairman of the “Tata Energy-Research Institute” – set up by Tata Steel.'
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