Heavily polluting industries in China will participate in a compulsory insurance program to ensure they can compensate for damages, Reuters reported. Pollution has taken center stage for the Communist Party because of public anger over grey skies, as well as the fact that it cannot be easily hidden. A joint statement by the Ministry of Environment and China Insurance Regulation Commission said companies forced to participate in the scheme include chemical factories, mining and smelting industries, lead battery manufacturers and leather goods firms. The companies would be given a priority for bank lending and special environment funds would be allocated to them.
Categories