Crosswords1 min ago
Redcar Steel Works – 1600 Steel Workers Lose Their Jobs.
16 Answers
Last week 1600 people lost their jobs in Redcar in the NE of England. On the same day, the BBC's lead story was Tiger Wood's apology for philandering.
Good to know that our major news providers have their priorities right...
But I digress.
Now that the steel works at Redcar has been officially mothballed with the loss of approx. 1600 jobs, how about a little quiz?
What links the following?
1.Corus (owners of the Redcar plant) are themselves owned by an Indian company called 'Tata Steel';
2.Tata plans to increase worldwide steel production from 53 million tonnes to 124 million over the next three years;
3.By replacing inefficient old plants with new ones which emit only “European levels” of CO2, Tata could claim £600 million under the UN’s Clean Development Mechanism;
4.By ceasing to emit a potential six million tonnes of CO2 a year from the Redcar plant, Corus will benefit from carbon allowances which could soon, according to European Commission projections, be worth up to £600 million over the three years before current allocations expire;
5.Taking the above two CO2 windfalls into account, Tata will gain approximately £1.2 billion in the next three years in tax payer's money.
.... So what, or rather who, links the above five statements?
Good to know that our major news providers have their priorities right...
But I digress.
Now that the steel works at Redcar has been officially mothballed with the loss of approx. 1600 jobs, how about a little quiz?
What links the following?
1.Corus (owners of the Redcar plant) are themselves owned by an Indian company called 'Tata Steel';
2.Tata plans to increase worldwide steel production from 53 million tonnes to 124 million over the next three years;
3.By replacing inefficient old plants with new ones which emit only “European levels” of CO2, Tata could claim £600 million under the UN’s Clean Development Mechanism;
4.By ceasing to emit a potential six million tonnes of CO2 a year from the Redcar plant, Corus will benefit from carbon allowances which could soon, according to European Commission projections, be worth up to £600 million over the three years before current allocations expire;
5.Taking the above two CO2 windfalls into account, Tata will gain approximately £1.2 billion in the next three years in tax payer's money.
.... So what, or rather who, links the above five statements?
Answers
Best Answer
No best answer has yet been selected by birdie1971. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Answer: Dr Pachauri.
Who's Dr Pachauri?
He's the chairman of the Intergovernmental Panel on Climate Change [IPCC].
And... wait for it...
He's also Director-General of the Tata Energy Research Institute, funded by Tata, which he has run since 1981.
Is it just me, or can anyone else see a conflict of interest here?
Who's Dr Pachauri?
He's the chairman of the Intergovernmental Panel on Climate Change [IPCC].
And... wait for it...
He's also Director-General of the Tata Energy Research Institute, funded by Tata, which he has run since 1981.
Is it just me, or can anyone else see a conflict of interest here?
-- answer removed --
-- answer removed --
Thnere is increased demand for cars in India, as the country prospers. As their citizens become more well off, they will want the trappings of success. It is better that they have a locally produced car that emits very low emissions. If you are going to have 50million new cars on the road, a low emissions vehicle is the prefered option.
If our government had been serious about reducing emissions from cars, the scrappage deal would have been aimed primarily at low emitting vehicles. As it was, everyone went out and bought Jags and 4x4s.
If our government had been serious about reducing emissions from cars, the scrappage deal would have been aimed primarily at low emitting vehicles. As it was, everyone went out and bought Jags and 4x4s.
-- answer removed --
-- answer removed --
-- answer removed --
Hi Gromit,
You ask, “But, why would TATA buy Redcar Steel Works for £6.7billion in 2007, to close it down for just £600million 3 years later?”
There has been a worldwide recession... you may have heard about it.
Getting a guaranteed £1.2 billion in 'carbon refunds' from tax payer's money over the next three years seems like a pretty juicy opportunity to me
I'm sure that Dr Pachauri will be getting his well earned bonus this year.
But, of course, there's no conflict of interest is there?
You ask, “But, why would TATA buy Redcar Steel Works for £6.7billion in 2007, to close it down for just £600million 3 years later?”
There has been a worldwide recession... you may have heard about it.
Getting a guaranteed £1.2 billion in 'carbon refunds' from tax payer's money over the next three years seems like a pretty juicy opportunity to me
I'm sure that Dr Pachauri will be getting his well earned bonus this year.
But, of course, there's no conflict of interest is there?
I wanted to start a thread called "Ta-Ta to Tata Steel" but it is already redundant, fittingly enough.
I wouldn't have been able to give it the same depth as Birdie gives this one. Was going to say something trite like "What would Winnie (S. Churchill) think?"
We cannot go to war ever again without steelmaking capacity and certain massively populated countries know that.
Wurrr dooom'd. Aye, dooom'd, I tell ye!
I wouldn't have been able to give it the same depth as Birdie gives this one. Was going to say something trite like "What would Winnie (S. Churchill) think?"
We cannot go to war ever again without steelmaking capacity and certain massively populated countries know that.
Wurrr dooom'd. Aye, dooom'd, I tell ye!
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.