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A follow on from this is will they still get the free units, essentially a double dip as they will probably continue to be an Emissions Intensive Trade Exposed Industry?

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Q:Why not pay for it yourself?

A: NZ Steel CEO "There is no direct financial benefit"

Except for the $50-100 million upside through your shift in ETS obligations...

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Yep. Until they stop getting free units, they’re in the same position. No suggestion they won’t still get them.

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