Steel jobs threat as government set to invest £500m to 'green' industry

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Under the agreement, government support reportedly worth £500m will be handed to Tata Steel, with the company providing investment of £700m

Last night a spokesperson for the Indian firm, said: “Tata Steel is continuing to discuss with the UK Government a framework for continuity and decarbonisation of steelmaking in the UK amid very challenging underlying business conditions, given that several of its heavy end assets are approaching end of life.

“Given the financially-constrained position of our UK business, any significant change is only possible with government investment and support, as also seen in other steelmaking countries in Europe, where governments are actively supporting companies in decarbonising initiatives.” The Port Talbot plant is the biggest industrial contributor to carbon emissions in Wales at around 5.8 million tonnes annually. Experts say the plant could switch to electric arc furnaces, use green hydrogen, or continuing the existing blast furnaces with carbon capture and storage.

, whose constituency includes Port Talbot the UK could lead the world in the Green Industrial Revolution “but only if the Government gets the policy framework right.”Mr Kinnock, who chairs the All-Party Parliamentary Group on Steel, called for jobs to be protected as the steel sector decarbonised. “British steelmakers must not be punished for doing the right thing environmentally,” he told a metals conference in Birmingham.

“Community Union will do everything within its powers to support our members and protect their jobs.”

 

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