US STEEL Košice is suing the Environment Ministry because it says restrictions on the amount of carbon dioxide it can emit will cost the company billions of crowns.
The Environment Ministry has granted US Steel emissions at 8 percent below the level the company requested, the daily SME daily reported.
Rather than try to negotiate further on carbon dioxide emissions the company has decided to sue.
US Steel considers the limitations illegal and together with its US-based mother company is demanding “compensation for all financial losses”.
The steelmaker says it warned the government that the quotas present a huge financial problem to the firm.
The firm claims that it has invested over USD 180 million in environmental projects, that it is a socially responsible firm and that it has exceeded its obligations in Slovakia.
"Unfortunately, the Slovak government did not fulfil its obligations" writes the firm, which it says is protecting "its rights and rights of its employees".
Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
8. Mar 2005 at 10:50