Sunday, October 12, 2014

ArcelorMittal Orbit

ArcelorMittal Orbit by Anish Kapoor and Cecil Balmond, Queen Elizabeth Olympic Park, Stratford, London
ArcelorMittal Orbit by Anish Kapoor and Cecil Balmond, 2014
Queen Elizabeth Olympic Park, Stratford
London, September 2014

“ArcelorMittal's court challenge to Europe's cap-and-trade scheme, recently reported by PointCarbon, is its most recent act of resistance against the EU emissions trading scheme (ETS), the main mechanism for driving down CO2 levels in industry. ArcelorMittal's action brought before the European general court sought damages for being forced to pay for its greenhouse gas emissions because the company claimed the scheme threatened its business unfairly. The court dismissed the challenge last month.”

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