Summary
The current owner of this business venture is U.S. Steel Canada, which is a wholly owned subsidiary of United States Steel and the fifth largest steelmaker in the world. U.S. Steel Canada purchased Stelco in 2007 for an exact sum figure of $1,100,000,000 ($1,217,926,496.55 in today's money). The merger between the final independent Canadian company and the American steel conglomerate was finalized on August 27 of that year. This operation has a focus on making steel for the automotive sector. As North America's newest greenfield steel mill and one of its most efficient mills in North America, this facility is a lifeline for its employees.
Stelco Lake Erie Works generally operates in a region of Southern Ontario where there are no wind generators planned until 2013. Its electricity is provided mostly by the nearby coal-power plant (which is scheduled to close in 2014, due to an Ontario government regulation to get rid of coal power as a supplement to their hydro energy as no decision has yet been made as of June 2012 on converting it to biomass or natural gas ) and through the hydroelectric grid centered around Niagara Falls at the Sir Adam Beck Hydroelectric Power Stations.
During peak manufacturing periods for this integrated steel mill, Stelco Lake Erie Works releases about 21.5 kilograms or 47 pounds of mercury into the nearby air in a single year. Approximately 4 kilograms or 8.8 pounds of mercury pollution can also be found in nearby Lake Erie; affecting local fish and shellfish alike. This causes problems for nearby residents who have to go to specialized doctors to treat their medical conditions. Conditions that are either caused or influenced by the high levels of regional mercury pollution includes sterility (both male and female), various cancers, asthma along with other respiratory diseases.
Read more about this topic: Stelco Lake Erie Works
Famous quotes containing the word summary:
“I have simplified my politics into an utter detestation of all existing governments; and, as it is the shortest and most agreeable and summary feeling imaginable, the first moment of an universal republic would convert me into an advocate for single and uncontradicted despotism. The fact is, riches are power, and poverty is slavery all over the earth, and one sort of establishment is no better, nor worse, for a people than another.”
—George Gordon Noel Byron (1788–1824)
“Product of a myriad various minds and contending tongues, compact of obscure and minute association, a language has its own abundant and often recondite laws, in the habitual and summary recognition of which scholarship consists.”
—Walter Pater (1839–1894)