Greenpeace slams SSAB

After buying rival Rautaruukki last year, Swedish steelmaker SSAB has become a stakeholder in Fennovoima, which has plans to build a nuclear plant in the Finnish village of Pyhäjoki.

The Swedish arm of environmental organisation Greenpeace is highly critical of SSAB’s involvement in the much-disputed project, saying: “It is deeply alarming that SSAB is funding the construction of a Russian nuclear power plant just 150 kilometres from the Swedish border, given the huge environmental and financial risks associated with the project”.

In a move designed to persuade SSAB to quit the project, Greenpeace representatives will today meet with the steelmaker’s executives. However, while SSAB says it welcomes a discussion, it has no plans to withdraw from the venture.