China to push compulsory insurance for polluting industries
BEIJING (REUTERS) - China will force heavily polluting industries to participate in a compulsory insurance programme to ensure they can adequately provide compensation for damage, the government said on Thursday.
Pollution has become a core concern for the stability-obsessed ruling Communist Party because of the public anger and protests it generates and because the issue cannot easily be hidden from view.
Companies that must participate in the scheme include mining and smelting industries, lead battery manufacturers, leather goods firms and chemical factories, the Environment Ministry and China Insurance Regulatory Commission said in a joint statement.
Petrochemical companies and firms that make hazardous chemicals and hazardous waste would also be encouraged to participate, it added.