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China oil majors fail to meet pollution standards

2013-08-30 05:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Environmental regulators have taken the unusual step of blocking China's two biggest oil producers from expanding their refining capacity after they failed to meet targets for reducing pollution. The penalties for PetroChina and Sinopec are a fresh blow to China's state-owned oil industry following this week's announcements that four senior executives are under investigation for unspecified offenses. Such penalties are unusual in China, where critics complain regulators ignore environmental...

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