Friday, October 12, 2007

Black Dragon!

Genuine efforts are needed to save environment
China is racing against time. Not only to put in place its sports infrastructure before the 2008 Olympics, but also to spruce up its records on the human rights and environment protection front. With this in mind, the State Environmental Protection Administration (SEPA) recently blacklisted 11 major commercial pollutants that had dubiously emptied waste into Songhua River. The 11 companies were booked under the law of manufacturing wide ranging products from beer to dairy. Earlier this year, authorities levied a fine of $125,000 (the Chinese environmental laws stipulate a fine of up to one million yuan on industries found to cause severe water pollution) on the Jilin Petrochemical Company, when one of its subsidiaries had added large amounts of toxicants into Songhua river, jeopardizing the water safety in major cities along the river. In another bold move, the SEPA recently declared the 21 km.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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