AN AUSTRALIAN steel company says the proposed emissions trading scheme (ETS) must allow it to remain competitive so it can generate cash to fund carbon reduction initiatives.
The federal government is introducing an emissions trading scheme in 2010 to reduce greenhouse gas emissions, in a bid to combat global warming.
BlueScope Steel is said to be one of the largest emitters of carbon in Australia. However, the company says it has projects in planning that could help reduce its carbon emissions.
The company has expressed concern regarding its ability to fund the projects if the government’s ETS negatively affects its annual balance sheet.
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