The CEO of a major coal company is warning that Alexandria Ocasio-Cortez’s Green New Deal would devastate the steel industry.
“Anything steel related, everything we produce, and the coal industry is the essential key components to the steel industry… we are primarily focused on the metallurgical coal assets,” American Resources Corporation CEO Mark Jensen told FOX Business’ Charles Payne on “Varney & Co.” on Tuesday.
Metallurgical coal is used to produce high-grade coal — a vital ingredient in the steel-making process.
The U.S. produces the highest quality metallurgical coal in the world, he said, adding that it could also have a global impact.
“Growth worldwide comes from our products and the steel that we produce is of the highest quality because of the coal — we’re the essential key component, the key component that enables that to happen. And so without it—it’s our safety as a country, our safety as citizens,” Jensen said.
Jensen also said while he’s not concerned about New York City Mayor Bill de Blasio’s plan to ban inefficient steel and glass skyscrapers it would have an impact on his business.
The U.S. is one of the world’s largest producers of raw steel along with China and Japan but in March last year, President Trump imposed a 25 percent tariff on steel imports from most countries.
Earlier this month, Canada and the U.S. reached a deal to end the tariffs that were being charged by the U.S. on Canadian-made steel and aluminum.
Read more at Fox Business
Don’t forget the steel needed for the many thousands of windmills AOC and her ilk want to build. Yes Steve, it is part of their ignorance.
This is just part of the ignorance of AOC and her ilk. Where will we get the metals for the electric cars, high speed trains and everything else that uses steel. And although not mentioned in this article, where dukes the plastics come from which are ubiquitous to our everyday lives (and I’m not referring to plastic bags and straws).
That’s all the Eco-Nazis/Watermelons and their Major Domo’s in the Democrat Party want to do put us all on welfare and reduce America to a Poverty Pocket
Before you apply your John Hancock to that New Green Deal you better read the Fine Print that gose to a ll those fools who demand we sign onto this whole New Green Deal scam