Market Segment
March 13, 2023
US Steel Execs Meet With White House on Funding for Decarb
Top executives from US Steel met with White House officials to explore funding opportunities for decarbonization.
The Pittsburgh-based steelmaker said president and CEO David B. Burritt and Richard L. Fruehauf, chief of strategy and sustainability, joined White House climate officials as well as industry and labor leaders to discuss “public and private collaborations to support industrial decarbonization.”
“As we look to the future, we’re focused on being at the forefront of the steel industry’s efforts to curb climate change,” Burritt said in a statement about the meeting earlier this month.
“We appreciate the president’s leadership … and look forward to continuing our discussions with the Biden administration,” he added.
The Biden administration has announced a plan to provide approximately $6 billion to speed up the decarbonization of US industry.
By Ethan Bernard, ethan@steelmarketupdate.com
