Steel, refiners got huge carbon windfall -consultant

* Report: steel, refining, chemicals gained windfall profits

* Refineries, steel may have reaped 14 bln euros in 2005-08

BRUSSELS, May 17 (Reuters) – Europe’s most polluting industries have reaped billions of euros from carbon markets by passing on to consumers the cost of carbon permits they were given for free, consultancy CE Delft said on Monday.

The company’s report on steel, refining and petrochemicals industries contributes to a current debate within the European Union on whether industry can bear the cost of tightening emissions curbs beyond the current goal of 20 percent.

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Posted on May 22, 2010 · in Europe

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