UK government insists British Steel’s EU ETS bailout loan “a one-off”

Published 15:35 on May 1, 2019  /  Last updated at 10:57 on May 2, 2019  /  EMEA, EU ETS  /  No Comments

The UK government’s £120 million (€140 mln) EU ETS compliance loan to British Steel was an exceptional bailout due to Brexit delays, Britain’s business minister told the country’s parliament on Wednesday, confirming that all UK entities have now met their 2018 obligations under the scheme.

The UK government’s £120 million (€140 mln) EU ETS compliance loan to British Steel was an exceptional bailout due to Brexit delays, Britain’s business minister told the country’s parliament on Wednesday, confirming that all UK entities have now met their 2018 obligations under the scheme.

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