As Beijing moves to take action on the country’s growing pollution problem, the 30 firms will be barred from receiving bank loans. The companies in question range from food processors to paper-makers and steel manufacturers.
…Earlier this month, a Chinese environment official admitted to British politicians that China was not able “for the time being” to commit to binding agreements to cut carbon emissions….[Full Text]
[Image from BBC: China’s economic boom has caused pollution to soar]