22 August 2007 05:23 [Source: ICIS news]
Companies in the thermal power, steel, cement and aluminium industries seeking to list or sell new shares will have to be assessed by the State Environmental Protection Administration (SEPA) which will feedback to the securities agency.
The latest curb follows a credit crunch on 30 blacklisted polluters whose names were sent to financial institutions in late July.
Companies seeking listings have been required to submit environment records since 2003, but the latest SEPA initiative will add pressure on the four industries while
However, the chemical sector, responsible for several pollution incidents in recent years, was missing from the list.
SEPA officials declined to comment on the omission.
Accidents at chemical plants and high concentrations of organic compounds in lakes have disrupted water supplies in various parts of
In late May, an algae bloom choked Taihu, the country’s third largest freshwater lake, and left over 2m
Earlier, a blast at Jilin Petrochemical’s aniline plant in November 2005, leaked benzene into the
The agency provided late on Tuesday a mixed report on its pollution control efforts in the first half of 2007.
COD is used to measure the amount of organic compounds in water.
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