Lloyd Westcord Calls upon Steel Giant ArcelorMittal to Make London 2012 Olympic Carbon Neutral
The carbon footprint of London 2012 Olympic will be 3.4 million tonne of carbon dioxide equivalent (3.4 MtCO2e).
- (1888PressRelease) August 09, 2012 - Lloyd Westcord has called upon ArcelorMittal, the world's leading steel and mining company to make London 2012 Olympic Games carbon neutral by cancelling spare carbon allowances it received from EU governments. Lloyd Westcord claims that less than 3% of the excess EU carbon credits that ArcelorMittal received would be enough to make the whole event carbon neutral.
The carbon footprint of London 2012 Olympic will be 3.4 million tonne of carbon dioxide equivalent (3.4 MtCO2e). Many environmentalists have already questioned in particular the construction of the ArcelorMittal Orbit which is a 114.5 meters, 2,000 tonne steel structure designed as a piece of public art as well as an observation tower. It was largely donated by the UK's richest man, Lakshmi Mittal. The Orbit is made from 63% recycled steel and is intended to form part of the lasting legacy of the Games.
"Everyone will agree with me that, a carbon neutral London 2012 Olympic would be a far better Olympic legacy for ArcelorMittal than the Orbit could ever be," says Mr. Hank Jacobson, Corporate Relations Manager of Lloyd Westcord. "Again, the ArcelorMittal Orbit is one of the most carbon intensive projects in the Olympic Park so such a positive action by ArcelorMittal would also help EU carbon commission to reduce the supply of allowances as we all know about the EU's current carbon trading market condition. So it will be the best of both worlds I believe."
Lloyd Westcord believes ArcelorMittal is wise enough to understand its point and very soon ArcelorMittal will agree to cancel the demanded fraction of carbon credits and play a vital role in helping the London 2012 Olympic to achieve the zero carbon principal.
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