Polluting Chinese Companies to Be Denied Stock Market Access
Environment officials in Beijing have warned Chinese managers that if they fail to meet pollution reduction deadlines, they will be banned from raising stock market capital for three years.
Environment officials in Beijing have warned Chinese managers that if they fail to meet pollution reduction deadlines, they will be banned from raising stock market capital for three years.
The announcement comes as the director of Beijing City’s Pollutant Control Office has announced to local media that 28 companies have been informed that they are on watch regarding their sulphur and dust emission targets.
The companies, mostly energy and chemical companies include Beijing Jing Neng Thermoelectricity and Chaoqun Power. Most of the companies have already made progress in decreasing polluting emissions.
A spokesperson of the Pollutant Control Office told the official newsagency Xinhua that these companies will spend $215 million on new pollution control measures.
The announcement comes as the director of Beijing City’s Pollutant Control Office has announced to local media that 28 companies have been informed that they are on watch regarding their sulphur and dust emission targets.
The companies, mostly energy and chemical companies include Beijing Jing Neng Thermoelectricity and Chaoqun Power. Most of the companies have already made progress in decreasing polluting emissions.
A spokesperson of the Pollutant Control Office told the official newsagency Xinhua that these companies will spend $215 million on new pollution control measures.
