ArcelorMittal has decided stop the green investments that were planned in the European Union (EU) due to uncertainty about regulatory directives on the continent, according to 'Reuters'. «We are operating in a difficult market and there are a number of political uncertainties that are impacting the industry. «We need an effective carbon border adjustment mechanism, as well as stronger trade defense measures, to strengthen the business case,» he explained. The company had a decarbonization program for its facilities in France worth 1.7 billionafter securing subsidies from the French government worth 850 million at the beginning of the year. The KeyBanc analyst Philip Gibbs assures that «Arcelor has been very consistent in its comment that will not commit to material spending on decarbonization unless the right circumstances arise from a broader EU policy.