The Irish cement industry stands to make windfall profits of up to €850 million at taxpayers’ expense, according to sources familiar with the EU’s emissions trading scheme.
The sources estimate that companies such as CRH, Quinn Cement and Lagan Cement have made €226 million over the last five years from the over-allocation of carbon credits by the government.
The sources estimate the cement industry stands to make a further €625 million when...
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