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Odd_Description_2295 t1_iu5xwfw wrote

What?

Us steel and metals stock has been trending upward for a while now. Abd are forecasted to do so for the next sever al years.

Even losses collect on dividents, its not that unusual?

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rhb4n8 OP t1_iu5y538 wrote

Sure but Clariton is clearly broken again and they are causing a disaster while not obviously fixing the problem.

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uglybushes t1_iu5yx7e wrote

That’s not how it works. At all.

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IronPidgeyFTW t1_iu6tfh1 wrote

They have an obligation to protect the environment they routinely fuck up. Economy is not worth the lifelong breathing problems the Allegheny county residents near the plant incurs.

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uglybushes t1_iu6tu25 wrote

But that has nothing to do with paying dividends to investors

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rhb4n8 OP t1_iu8xt6z wrote

Dividends come from profits. How the fuck are you paying out profits to investors when you have multi million dollar liabilities that need fixed. As far as I'm concerned they shouldn't be reporting a profit until this issue is fixed.

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IronPidgeyFTW t1_iu66uqs wrote

They need to fix their scrubbers already. I am up to here with their casual approach to poisoning millions in Allegheny county.

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rhb4n8 OP t1_iu6bonm wrote

My thoughts exactly. They fixed it and then it breaks again and everyone ignores it

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IronPidgeyFTW t1_iu6t5pr wrote

They also have the audacity to say "it is all in our heads" when the air fucking reeks on sulphur like satan's bunghole

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VespiWalsh t1_iua0krf wrote

Where did anyone of repute say the scrubbers are broken, or speculated to be broken?

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IronPidgeyFTW t1_iuafrl0 wrote

Obviously the scrubbers for H2S are broken... can you not smell how fucking bad it is? It is unacceptable in the 21st century to have smog at these levels.

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VespiWalsh t1_iuahidh wrote

Inversion conditions and increased production can easily explain the smell. Also there is no reason to get snappy with me, I am an environmentalist. The difference is, I believe what can be proven empirically, not rampant speculation with no supporting arguments.

Also no, I can't smell it, the inversion conditions are sending it away by changing the wind patterns from my area for once, and sparing us from the worst of it. Even though the increased emissions and atmospheric conditions cause it to not personally affect me, and it marginally affects me in normal conditions, I am still speaking out about it, and doing my part to help others.

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IronPidgeyFTW t1_iuahw2e wrote

I am a scientist, albeit not in meteorology. Inversions killed scores of folks in Donora and there should be a regulation that prohibits coking during an inversion. You can have your cake and eat it too. I hate the fact that some people label environmentalists as opposing industry black and white labeling makes no one win in the end.

Edit: I am sorry if I sounded rude. Just fed up with unnecessary pollution.

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VespiWalsh t1_iuajgg9 wrote

Same lol, I'm just a humble geographer who had to take a bunch of classes on environmental issues and it made me see the environmental injustice all around the area, and now I want to spread awareness about these issues.

I agree with you completely, that desperately needs to be a law. Industries should produce stuff in consideration of the community, although I always try to put the people first, and take a utilitarian approach of whatever is good for the most amount of people. If US Steel doesn't want to play nice, then they don't deserve to be a part of the community. They need us to work in their factory, more than the region needs them

I understand, knowing this sub, you probably thought I was some misinformed person making a drive by comment defending the production during these conditions. Sorry if my original comment was unclear in its tone. I heard speculation from environmental groups that the scrubbers could be broken again, so was trying to find out if anyone had proof to back it up.

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IronPidgeyFTW t1_iuajwmx wrote

Sorry again man for doing the same. Yeah I assume it is the scrubbers but I have not heard any official word on it. Hopefully somebody will join US Steel's board and overhaul its commitment to the community and environment.

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myironcity t1_iu6dfs9 wrote

Ask and you shall receive. They are closing 3 coke batteries in 2023. Article from Next Pittsburgh https://go.shr.lc/3eGFzok

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rhb4n8 OP t1_iu6fczr wrote

I'd rather they replace it with a more modern solution. I also find it wild that they get to continue at the current pollution level for another year potentially while they continue to polute at an actual dangerous level. When my car can't pass emissions I don't get to just keep driving it.

That all said I'm glad there might be some Improvement in the future

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UnaffiliatedOpinion t1_iu6o4fp wrote

It is the old saying: "If you owe the bank a thousand dollars, it's your problem. If you owe the bank millions of dollars, it's the bank's problem." If the government forces US Steel to shut down the plant (even temporarily), there will be major backlash against the public officials who made it happen. The advertisements will write themselves, all they need is some B-roll of a struggling working class family who "had honest work until the government took that away from them." The companies hold all the power in this relationship.

On the other hand, nobody is going to make a super PAC to allow you to drive an out-of-spec car.

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rhb4n8 OP t1_iu6qhiq wrote

I mean in a better world they would be forced to reinvest in the plant at threat of bankruptcy. It's lunacy that a 70 year old coke battery is allowed to run without regular reconditioning and meeting pollution controls. They should have to fully fund the pension and retire anyone who gets fucked over by their being cheap

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NathanLocke t1_iu9ysqx wrote

Coke plants are closing because scrap is now the preferred and more cost effective method.

A coke plant near us announced they were closing and it came as a shock, even to the employees. They had recently invested $300 million in the plant.

People lived all over Western Pennsylvania when the steel mills and chemical and coke plants were belching pollution and most of them lived to ripe old ages.

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VespiWalsh t1_iu7hzgt wrote

They said early 2023 in their official statement. So not much longer now.

Also I would rather see the place imploded and US Steel forced to pay reparations to people who were forced to deal with this pollution our entire lives. I have no compassion for the people who work there, they choose greed over morality, no one held a gun to their heads and made them to work there, they choose their own path, and are usually complicit in spreading propaganda that makes the plant sound safer than it is to the misinformed. Zero sympathy for ecofascists and their sympathizers.

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NathanLocke t1_iu9yxek wrote

I have no sympathy for people who chose to live there. Why didn't they move?

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VespiWalsh t1_iua0ef3 wrote

LMAO did you just ask why an impoverished Mon Valley family can't move?

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IronPidgeyFTW t1_iuaghcl wrote

There is a lot of US Steel dick-sucking in these comments. It is not hard in a civilized country to have a decent air quality. You can have both industry AND clean air, if US Steel actually gave a damn about the people of the Mon Valley.

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stauss151 t1_iubq4of wrote

I think the coke burning smells nice, but that does not mean anybody should be smelling and breathing it in.

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oblivia17 t1_iu8eac6 wrote

So many experts on reddit

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James19991 t1_iu68ww3 wrote

Do you think the government or anyone will force them to not pay out a dividend? Lol

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