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U.K.'s Gordon Brown Plans to Pressure China, India
The U.N. climate change conference in Bali may be over, but China and India aren't off the hook yet. U.K. Prime Minister Gordon Brown says he will press China and India for further support fighting climate change during visits the two countries next month.
China, for one, needs the pressure because, while the country faces grave ecological consequences for its rapid industrialization, the country's environmental enforcement agency, SEPA, has historically been pretty hands off.
Hopefully that's changing somewhat. This year, SEPA rejected at least $91 billion in new factories and enterprises that failed to meet environmental standards—about 30% of all projects submitted to the agency. SEPA is also resorting to publicly shaming polluting corporations, which will hopefully prove effective as fines for polluting are so low that companies often opt to pay them instead of upgrading equipment.
Comments
Public shame for offending corporations? Too bad that won't work here - our corporations have no shame to publicize. The only things they really care about are the profit line and stock price (and executives' bonuses.) Unless those are affected, they cannot be shamed.
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Posted by: Bill G on 12/20/07 at 8:02 AM Respond