China’s Environment and Coal
QualityStocks (September 10th, 2009) Writes:
China has an environmental problem which the government has been aware of for years. Polluters have been able to dump massive amounts of toxic wastes into China’s air and water for many years with no repercussions because the mandate from Beijing was for economic growth at all costs.
But that is all changing. China now has an environmental movement among its people which is in its infancy, but growing quickly. The interesting facet of China’s nascent environmental movement is that the central government in Beijing is actually listening to the environmentalists, at least to a certain extent. They are cracking down on some of the worst polluters and shutting them down.
Beginning in late 2008, Beijing began a crackdown on numerous illegal, dangerous coal mines which also happened to be the biggest polluting mines. Many of these operations have been shut down permanently.
Many investors may think to themselves – so what?
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