When Britain’s largest ammonia manufacturer announced plans to close its energy-intensive plant last month, it in part blamed carbon costs. The facility on Teesside in north-east England, owned by CF Industries of the US, is the latest victim of what British industry has long complained is an uncompetitive environment due to higher carbon and energy prices than elsewhere in Europe. So the recent decision by the UK government to water down reforms to the carbon market, even if it came … read more »
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