Three U.S. Steel facilities — in Pennsylvania, Indiana and Illinois — combine to emit more greenhouse gases in a year than a comparable number of coal-fired power plants, the researchers estimate.
A bipartisan group of senators, including the Republicans Josh Hawley of Missouri and Marco Rubio of Florida and the Democrats Sherrod Brown of Ohio and Bob Casey of Pennsylvania, has urged the administration to scrutinize and stop the takeover.
Asked by reporters last month about the merger, Ms. Brainard said Mr. Biden “continues to believe very strongly that steel is an important industry as the backbone of the transformation that we’re driving in the economy, in terms of the energy transition, advanced manufacturing infrastructure” and national security.
If the deal is allowed to go forward, those groups say, it could keep emissions much higher at U.S. Steel’s coal-powered plants than they would be if the company were sold to a different buyer — one that is more committed to electrification and other advanced emissions-reducing technologies.
The law establishing CFIUS’s analyses of the risks of a sale to a foreign-owned company directs the review to consider “an assessment of the threat, vulnerabilities and consequences to national security related to the transaction.”
Some analysts who are critical of Nippon Steel’s climate commitments say the proposed sale could otherwise benefit American workers, by injecting Japanese know-how and capital into a company that has often struggled to compete despite decades of federal government assistance.
The original article contains 1,144 words, the summary contains 241 words. Saved 79%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Three U.S. Steel facilities — in Pennsylvania, Indiana and Illinois — combine to emit more greenhouse gases in a year than a comparable number of coal-fired power plants, the researchers estimate.
A bipartisan group of senators, including the Republicans Josh Hawley of Missouri and Marco Rubio of Florida and the Democrats Sherrod Brown of Ohio and Bob Casey of Pennsylvania, has urged the administration to scrutinize and stop the takeover.
Asked by reporters last month about the merger, Ms. Brainard said Mr. Biden “continues to believe very strongly that steel is an important industry as the backbone of the transformation that we’re driving in the economy, in terms of the energy transition, advanced manufacturing infrastructure” and national security.
If the deal is allowed to go forward, those groups say, it could keep emissions much higher at U.S. Steel’s coal-powered plants than they would be if the company were sold to a different buyer — one that is more committed to electrification and other advanced emissions-reducing technologies.
The law establishing CFIUS’s analyses of the risks of a sale to a foreign-owned company directs the review to consider “an assessment of the threat, vulnerabilities and consequences to national security related to the transaction.”
Some analysts who are critical of Nippon Steel’s climate commitments say the proposed sale could otherwise benefit American workers, by injecting Japanese know-how and capital into a company that has often struggled to compete despite decades of federal government assistance.
The original article contains 1,144 words, the summary contains 241 words. Saved 79%. I’m a bot and I’m open source!