• 7 hours Saudi Fund Buys Stake in Hollywood Talent Agency
  • 4 hours Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 12 hours Putin Is A New Russian Stalin - Victory For The Next 6 Years
  • 3 days Russian hackers targeted American energy grid
  • 3 days Is $71 As Good As It Gets For Oil Bulls This Year?
  • 7 hours G20 Rejects Calls for Cryptocurrency Regulation
  • 4 hours Trump Bans Venezuelan National Cryptocurrency
  • 2 hours Self-Driving Cars' First Fatality
  • 3 days Oil Boom Will Help Ghana To Be One Of The Fastest Growing¨Economies By 2018!
  • 4 hours Is Trump Harming Oil Industry?
  • 7 hours Volkswagen To Announce $340 Million Tennessee Investment To Build New SUV For U.S. Market
  • 8 hours Africa Is The New Land Of Opportunity For Investors
  • 11 hours Miners against Government: Largest Miners In Congo Quit Chamber Of Commerce Amid Growing Tax Dispute
  • 3 days HAPPY RIG COUNT DAY!!
  • 3 days Spotify to file $1 billion IPO
  • 4 hours Tillerson just sacked ... how will market react?
Why Are Oilfield Decline Rates Falling?

Why Are Oilfield Decline Rates Falling?

Despite the spending cuts that…

American Investors Aren't Interested In Aramco

American Investors Aren't Interested In Aramco

The supposed date for the…

China Declares War on Pollution

On March 5th China’s Premier Li Keqiang declared war on pollution, outlining significant steps the Chinese government will take to improve air quality. China has suffered from truly epic smog over the last two winters, choking its cities’ inhabitants and cutting off visibility. The pollutants in the air have surpassed hazardous levels, at times jumping beyond the index that measures particulate matter.

"We will resolutely declare war against pollution as we declared war against poverty," Li Keqiang told the legislature, according to Reuters. The central government’s top concern has always been social stability, and the Premier’s announcement that China will take some drastic measures to improve the environment indicates that the government is beginning to worry that air pollution may spark unrest around the country.

Related Article: China Moves Forward with New Nuclear Reactors

Among the measures the government will take, Li said the government’s focus will be on reducing particulate matter (PM 2.5 and PM 10). The government will shut down 50,000 small coal-fired furnaces in 2014, and overhaul power plants in high intensity industries. China will also reduce steel production by 27 million tonnes in 2014 – equivalent to the total output of Italy. Also, the government will look at reforming energy pricing in an effort to pave the way to greater use of renewable energy and nuclear power. The government also hopes to remove six million high-emissions vehicles from the nation’s roads.

The speech comes after an announcement last month by the powerful National Development and Reform Commission (NRDC) that the government will spend $330 billion to reduce water pollution. Much of China’s agricultural land and rivers are contaminated with heavy metals.

Over the last several decades, China has succeeded in lifting hundreds of millions out of poverty, often described as the greatest achievement in poverty reduction in human history. China hopes to continue to grow, but now with a greater pro-environmental focus.

By Charles Kennedy of Oilprice.com

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News