CNPC, Sinopec Refining Projects Suspended on Emissions Tests
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China National Petroleum Corp. and China Petrochemical Corp., the nation’s biggest oil and gas producers, had their new refining and chemical projects suspended after failing to meet the government’s 2012 pollutant reduction targets.
They can’t seek environmental reviews of new or expansion projects, except for ones that aim to upgrade oil quality or reduce emissions, the Ministry of Environmental Protection said in a statement posted to its website today, without providing a list of projects. China is toughening its stance on oil companies and their emissions to combat the nation’s worsening pollution.