Korean steel giant Posco sued over climate impact of blast furnace expansion plan

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The story "Korean steel giant Posco sued over climate impact of blast furnace expansion plan" was covered 1 days ago by Eco-Business, a news publisher based in Singapore.

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Eco-Business 1d ago

Korean steel giant Posco sued over climate impact of blast furnace expansion plan - Eco-Business

Quick Summary:

The lawsuit is the first to challenge a company's climate impact since a constitutional ruling recognised the government's obligation to protect citizens from climate change last year.

The company, which is Korea’s largest carbon emitter, announced a commitment to decarbonise in 2020, setting a target of achieving net zero emissions by 2050, in line with the national net zero goal.

SFOC, along with non-profits Gwangyang Environmental Movement Association and the Pohang Environmental Movement Association, announced the lawsuit at a press conference outside of Posco Center in Seoul on Thursday.