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“Thanks for the £1bn, you suckers and ta-ta!” Yours TATA

To understand Cameron’s and Osborne’s utter incompetence which has led to the destruction of Britain’s steel industry, I recommend this article in the Times today: http://www.thetimes.co.uk/edition/news/steel-crisis-blamed-on-desire-to-woo-beijing-5ld9882x3

But I’d like to touch on a side of the steel catastrophe which the mainstream media seems to have forgotten. Indian-owned TATA and one of Britain’s richest men India-born Lakshmi Mittal (owner of Belgian steelmaker Arcelor Mittal and estimated personal wealth of $12.3bn) both got around £1bn in “carbon credits” each paid for by us to help them continue operating the steel works they bought in spite of high EU energy costs due to ‘green taxes’.

Both then proceeded to gradually close down their European and British steelmaking and invest their taxpayer-funded windfall in increasing steel production in India with its much lower labour and energy costs.

Here’s a press release from Nigel Farage in 2010 warning of this scam

Corus’ steelworks at Redcar, near Middlesborough, “Teesside Cast Products”, is to be closed (“mothballed” is the euphemism)  It is Britain’s last great steelworks and an essential national resource. Without it, we are at the world’s mercy.”

Corus is owned by Tata Steel of India.   Recently, Tata received “EU-carbon-credits” worth up to £1bn, ostensibly so that steel-production at Redcar would not be crippled by the EU’s “carbon-emissions-trading-scheme”.  By closing the plant at Redcar – and not making any “carbon-emissions” – Tata walks off with £1bn of taxpayers’ money, which it will invest in its steel-factories in India, where there is no “carbon-emissions-trading-scheme”.

There’s more.  The EU’s “emissions-trading-scheme” (ETS) is modelled on instructions from the “International Panel on Climate-Change” (IPCC) of the United Nations Organisation. The Chairman of the IPCC is one Dr Rajendra K.Pachauri, a former railway-engineer, who obtained this post by virtue of his being Chairman of the “Tata Energy-Research Institute” – set up by Tata Steel.

UKIP’s leader in the EU’s “parliament”, Nigel Farage, revealed these data in a speech at Strasbourg, on 10th February, and was due to appear in the BBC’s “Question-Time” programme, from Middlesborough, on 18th February, where the closure of the Redcar-plant was inevitably discussed.  Almost at the last minute, his invitation to join the “Question-Time” panel was cancelled, without explanation.

An article, on the subject, by Neil Hamilton, which was due to appear in this week’s Sunday Express, has also been “pulled”.

These Indian guys are smart. Certainly much smarter than our useless rulers with their blind belief in the false god of global warming.

That’s why these Indian guys are multi-billionaires while Britain goes bankrupt with its ever-increasing debt mountain and the destruction of all our basic industries.

Yup, we just got shafted again!

1 comment to “Thanks for the £1bn, you suckers and ta-ta!” Yours TATA

  • Simon

    All there if anybody is sad enough to plough through the Agenda 21 pdf docs (me, I am). Intentional de-industrialisation of the West. We’re monumentally screwed & it’s fait accompli as far as whoever is really running the show is concerned.

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