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Russia should get firms to pay environmental fines from profits, says PM


Sustainable BusinessRussia should get firms to pay environmental fines from profits, says PM
Reuters
3 minute read
Russia should get companies to pay compensation for environmental damage from their net profits rather than expenses after Nornickel s payment of a $2 billion fine for a fuel spill reduced its tax base, the prime minister said on Wednesday.
Nornickel (GMKN.MM) paid the unprecedented environmental fine for last year s spill in March. The was made to Russia s federal budget, not to the Siberian Krasnoyarsk region, where the metals miner is a major taxpayer. read more
Serious conclusions were drawn after the biggest accident at the power plant in Norilsk. The damage there will be repaired at the expense of those responsible, Mikhail Mishustin told the Duma, the lower house of parliament. ....

Krasnoyarskiy Kray , Mikhail Mishustin , Thomson Reuters Trust Principles , Siberian Krasnoyarsk , Thomson Reuters Trust , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Russia's Rusal to upgrade technology for 35% of smelter capacity to cut emissions


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MOSCOW Russian aluminum producer Rusal plans to upgrade technology at smelters accounting for 35% of its total capacity within ten years to reduce harmful emissions and power consumption, it said on Wednesday.
Rusal, the world’s largest aluminum producer outside China, will replace more than half of cells with newer RA-550 technology at its four Siberian aluminum smelters, its chief executive Evgenii Nikitin told a regional forum in Siberia.
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Russia s Rusal to upgrade technology for 35% of smelter capacity to cut emissions Back to video
The new cells will have the same total annual production capacity – of 1.4 million tonnes of aluminum. These four smelters in total produced 2.7 million tonnes of aluminum in 2020, or 71% of the company’s output. ....

Evgenii Nikitin , Mark Potter , Polina Devitt , Anastasia Lyrchikova , Hong Kong Listed Rusal , Siberian Krasnoyarsk , குறி பாடர் , பொழினா டேவிட்ட ,