Obfuscating ArcelorMittal SA seems stuck in the past on climate
SA’s third-biggest greenhouse gas emitter was unable to present shareholders at its AGM with plans to tackle risks
Urgent efforts to address climate change are being scaled up and refined in every corner of the globe. Young people are mobilised and marching for their future in major cities, small towns and villages. Even the most carbon-intensive and polluting industries, including the global steel sector, are starting to move towards short- and medium-term climate targets and raising capital for long-term climate ambitions. A decade ago one would not have thought that such change was possible.
As civil society successfully takes on governments worldwide over their global climate commitments and their role in holding corporates to account, even recalcitrant governments are no longer pandering to major greenhouse gas emitters. Though the government’s climate policy leaves much to be desired, carbon taxes and regulatory and policy changes are showing much promise. Yet steelmaker ArcelorMittal SA (Amsa), our third-biggest greenhouse gas emitter, seems stuck in a bygone era of secrecy, obfus...
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