From:                                         Jessie Lowry [jlowry@steel.org]

Sent:                                           Thursday, July 15, 2010 1:35 PM

To:                                               undisclosed-recipients

Subject:                                     AISI OPPOSES ELECTRIC UTILITY CAP-AND-TRADE PROPOSALS

Attachments:                          AISI Opposes Electric Utility Cap-and-Trade Proposals.doc

 

FOR IMMEDIATE RELEASE                                        CONTACT: NANCY GRAVATT

July 15, 2010                                                             202.452.7115/ngravatt@steel.org

                                                                                   

AISI Opposes Electric Utility Cap-and-Trade Proposals

Would threaten international competitiveness of American steel industry

Washington, D.C. – The American Iron and Steel Institute (AISI) today expressed its opposition to proposals for a cap-and-trade program directly regulating the electric utility sector because such legislation will have a substantially negative impact on the international competitiveness of the steel industry.  In a letter sent today to Senate Majority Leader Harry Reid (D-NV), AISI President and CEO Thomas J. Gibson stated that an electric utility cap-and-trade bill “will increase costs to energy-intensive trade-exposed manufacturers such as the steel industry, undermining our ability to compete in global markets” and resulting in the loss of valuable manufacturing jobs and increases in emissions in other unregulated countries.

 

 

Jessie Lowry

Manager, Communications

American Iron and Steel Institute

202.452.7116 phone

202.452.1039 fax

jlowry@steel.org

www.steel.org

 

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