How green champion Sweden could end up exporting its carbon sins [Reuters]
HEIDELBERGCEMENT UNSP/ADR (HDELY)
NASDAQ:AMEX Investor Relations:
heidelbergcement.com/en/investor-relations
Company Research
Source: Reuters
STOCKHOLM, Oct 18 (Reuters) - When a Swedish court ordered the country's biggest cement maker to stop mining limestone by its huge factory on the windswept island of Gotland to prevent pollution, ecologists cheered. Besides protecting wildlife and water supplies, the ruling could force the plant that makes 75% of Sweden's cement and is the country's second biggest carbon emitter to slash output while it finds raw materials elsewhere, or even shut altogether. That might be good for Sweden's emissions targets, but not such good news for the rest of the planet. A government-commissioned report seen by Reuters said it could force Sweden to import cement from countries that pump out more emissions in the overall manufacturing process - or risk massive job losses in the construction industry at home. "Imports from countries outside the EU would probably lead to larger environmental impacts as a result of lower standards related to CO2 emissions and lower standards in land use," the report,
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