Milieudefensie Warns of Tata Steel Subsidy Trap
5 Articles
5 Articles
Tata Steel could receive as much as 10.8 billion euros in subsidies by 2045, instead of the planned 2 billion euros discussed in the coalition agreement with the Ministry of Economic Affairs. This is revealed in research by Milieudefensie and SOMO. In that study, they stack multiple direct and indirect subsidies; ‘it is a worst-case scenario,’ says Milieudefensie campaign strategist Nine de Pater on BNR Zakendoen.
Tata Steel Netherlands is receiving 10.8 billion euros, more than five times as much as expected, for the production of green steel. Is this high subsidy for greening justified or not?
Government support for Tata Steel will not be limited to the two billion that the State pledged in a letter of intent for the sustainability of the…
Government support for Tata Steel Netherlands is turning out to be much higher than VVD Minister Sophie Hermans led us to believe last year.
Read the study by Milieudefensie and SOMO into the additional costs of the customized agreements between Tata Steel Netherlands and the government.
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