Good points GG, it’s what I was referring to with LKAB being affected by issues with permits for Cementa expansion. LKAB use a lot in their underground drives ,it stabilises them. As well it’s not even ESG or aspirational ideas. It’s a real world cost. The EU has a carbon market. ( law in 2 years). The price has increased 60% this year. The estimate made only a few months ago was €50t for next year- it’s already passed it. The estimate made this year was for €80t by the end of the decade is looking completely gone... So in the EU the more carbon you use the more you pay. There’s only a certain amount of carbon credits to go around. If very soon you don’t pay you can’t play. As you can see there’s real world urgencies to go green as possible in the EU. And who knows what the carbon price will be if companies don’t pull their socks up and assume they can just pay the carbon price and business as usual? https://www.reuters.com/business/sustainable-business/analysts-raise-eu-carbon-price-forecasts-market-reform-plans-2021-07-27/
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