Cliffs Natural Resources Inc. Commends the Trump Administration for the United States’ Withdrawal From the Paris Climate Ac...
June 01 2017 - 5:34PM
Business Wire
Cliffs Natural Resources Inc. (NYSE: CLF) today issued the
following statement regarding President Trump’s decision for the
withdrawal of the United States’ participation in the Paris climate
accord.
Lourenco Goncalves, Cliffs' Chairman, President and Chief
Executive Officer, said, “Cliffs applauds President Trump for his
decision to withdraw from the Paris climate accord. The Paris
climate accord is a bad deal for America in its current form. We
must understand that staying in the accord is not equivalent to
protecting the environment. As a nation, we could no longer accept
the restrictions imposed on the United States while other countries
are allowed to continue to pollute the world.”
Mr. Goncalves added, “The American iron and steel industry is
the most environmentally compliant among the major industrial
nations. We exclusively use iron ore pellets in our blast furnaces,
while China relies on highly polluting sinter feed iron ore fines
from Australia and Brazil to over produce steel, flood the steel
markets and weaken the U.S. steel industry. We believe that being
pro-environment, pro-industry and pro-business are not
contradictory goals.”
About Cliffs Natural Resources Inc.
Cliffs Natural Resources Inc. is a leading mining and natural
resources company. Founded in 1847, Cliffs Natural Resources Inc.
is recognized as the largest and oldest independent iron ore mining
company in the United States. The Company is a major supplier of
iron ore pellets to the North American steel industry from its
mines and pellet plants located in Michigan and Minnesota. Cliffs
also operates an iron ore mining complex in Western Australia.
Driven by the core values of safety, social, environmental and
capital stewardship, Cliffs' employees endeavor to provide all
stakeholders operating and financial transparency.
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version on businesswire.com: http://www.businesswire.com/news/home/20170601006669/en/
Cliffs Natural Resources Inc.MEDIA CONTACT:Patricia
Persico, 216-694-5316Director, Corporate
CommunicationsorINVESTOR CONTACT:Paul Finan,
216-694-6544Director, Investor Relations
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