BlueScope Steel Limited (ASX:BSL) has released its community, safety and environment report, revealing emissions for the financial year rose to 15.9 million tonnes, reaching record highs.
The steel maker says emissions will fall following the closure of furnaces at Port Kembla and Western Port last year.
The Australian Financial Review reports that Greens leader Bob Brown has questioned why the company has been allowed to use its payment of $100 million from the federal government under the Steel Transformation Plan to pay down debt rather than investing in the reduction of emissions.
In the 2011 financial year Bluescope Steel booked a net loss of $1 billion.
BSL Price at posting:
$2.43 Sentiment: None Disclosure: Held
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