Environmental laws give Cliffs pause: Carrabba

Mar 25, 2013 | 03:48 PM | Catherine Ngai

Tags  Cliffs Natural Resources, Joseph Carrabba, Environmental Protection Agency, EPA, haze regulations, AISI, currency, trade laws Affordable Care Act

NEW YORK — Federal environmental laws are hurting iron ore miner Cliffs Natural Resources Inc., particularly as uncertainty over new regulations has forced it to take a second look at new U.S. investments, the company’s top executive said.

"I don’t think anyone is trying to avoid good environmental regulation. But give us a clear and transparent process. Don’t change the rules after many years of work," Joseph A. Carrabba, chairman, president and chief executive officer of Cleveland-based Cliffs, told AMM in an interview. "We need more transparency in the science of how the rules and regulations work. We’re just not getting access to that."....

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