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Tuesday 18 October 2011

Energy efficiency versus environmental protection

Amid the criticism heaped on ConocoPhillips Co - the United States-based energy conglomerate whose operations spilled more than 700 barrels of oil into the waters of China's Bohai Bay in June - the nation's industrial experts are clamoring for a review of the policies for oil and gas exploration with foreign oil companies in China.
Some oil analysts have said that the spill was not "disastrous" either in terms of the amount of oil leaked or its environmental impact and is not comparable with BP PLC's massive oil spill in the Gulf of Mexico. However, the accident stirred up widespread public anger against ConocoPhillips China because of what some Chinese observers claimed to be the company's "inefficient cleanup" operation and its perceived indifference.
Eventually the country's top maritime watchdog prepared a lawsuit against a foreign oil company for the first time in relation to an oil spill.   More Read

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