Although Nucor has said it prefers Louisiana over a competing site in Brazil, CEO Dan DiMicco has said the company is waiting on possible global warming legislation in Congress, including a cap-and-trade system on emissions. DiMicco said in May that cap-and-trade would make the Louisiana site economically impossible.How's that working out for us? Surely we can spend 50 cents more for steel in order to save our environment.
Nucor: Steel business is slowing, profit falling, September 14, 2010.
And I don't support the government forcing it on us over this bogus global warming/climate change "science".