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US Steel, Environmental Protection Ministry sign $50m agreement
Belgrade,
1 February 2008
Serbian Minister of Environmental Protection Sasa Dragin and General Director of US Steel Serbia Richard Vietch signed an agreement yesterday under which US Steel will invest $50 million in environmental projects by the end of 2009.
The projects will improve the environmental situation and reduce pollution while the Ministry will offer professional assistance.
Dragin said that US Steel is the first private-owned company to sign such an agreement with the Ministry, which makes this agreement particularly important.
Economic development that is not harmonised with nature is not sustainable and the negative effects of such unharmonised development will surpass the positive effects sooner or later, the Minister stressed noting that investment in environmental protection is an investment in a better life for our citizens and all future generations.
I am very pleased that US Steel has recognised that and decided to take this path of sustainable development which will not be detrimental to citizens’ health. I believe this will be a signal for other companies to realise the importance of investment in environmental projects, said Dragin.
Vietch explained that the aim of US Steel is to become a leader in environmental protection and recalled that the company has made huge efforts in the past years to improve its performance in environmental protection.
Our aim is to be good a neighbour and to continue to work for the benefit of our shareholders, employees and their families, as well as the local community where our company is doing business, he stressed.
Dragin said that US Steel is the first private-owned company to sign such an agreement with the Ministry, which makes this agreement particularly important.
Economic development that is not harmonised with nature is not sustainable and the negative effects of such unharmonised development will surpass the positive effects sooner or later, the Minister stressed noting that investment in environmental protection is an investment in a better life for our citizens and all future generations.
I am very pleased that US Steel has recognised that and decided to take this path of sustainable development which will not be detrimental to citizens’ health. I believe this will be a signal for other companies to realise the importance of investment in environmental projects, said Dragin.
Vietch explained that the aim of US Steel is to become a leader in environmental protection and recalled that the company has made huge efforts in the past years to improve its performance in environmental protection.
Our aim is to be good a neighbour and to continue to work for the benefit of our shareholders, employees and their families, as well as the local community where our company is doing business, he stressed.
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