[dennisw]

Correction -— ArcelorMittal. is blowing 120 million here. Not the Feds.

[RoosterRedux]

"Announcing" an investment does not mean the money has been fully committed or spent.

Considering that the world has gone bat guano crazy, a clever corporation would play all the angles (i.e., appearing to support "green steel") without actually spending a dime.

[RoosterRedux]

BTW, given that steel is a dirty business, it is possible that this investment, such as it is, is nothing more than lip service to climate change by Lakshmi Mittal, the guy who owns/controls ArcelorMittal.

If he actually spends money on green steel, it is because he expects to make it back elsewhere (or get reimbursed indirectly by the government).

[mewzilla]

Since money is fungible....

https://thecorner.eu/news-spain/spain-economy/arcelormittal-achieves-e450-million-subsidy-to-decarbonise-plants-in-asturias/104302/