The bad news is that, if you're a steelworker at Redcar (one of 1700), you're out of a job, son.

The good news is that your employer is set make a billion quid out of that decision.

Oh, and your job will probably be outsourced to the sub-continent.

http://eureferendum.blogspot.com/2009/12/money-for-old-carbon.html

In case anyone wondered, there will be no net saving of CO2.

A giant EU Ponzi scheme. One day, it will all fall apart.