Holcim, the parent company of Aggregate Industries, is one of five cement companies to have received €88 million in free EU emission allowances – according to research by the Oil Price Information Service – despite plants sitting idle or only emitting relatively small amounts of CO2.
As Global Cement reports, the companies would have been able to sell the permits or use them to subsidise emissions costs at other plants.
Nice work if you can get it.
We found that five cement plants - @CEMEX @Holcim @FCC_Group Buzzi Unicem, Portland Valderrivas and Votorantim Cimentos - in Spain and Germany were collectively given 2,317,061 free EUAs over 2019-2022 despite emitting a collective 36,370 mt of carbon during the same period pic.twitter.com/Hs4wtPqvCx
— Humberto J. Rocha (@hjrocha94) September 6, 2023
