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Corporates cheer as India oil minister takes charge of green clearances

2014-02-02 03:27:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Veerappa Moily has two seemingly incompatible jobs. As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permits for 100 stalled projects in a month-long spree that has delighted industry but shocked green activists. Since taking the additional environment portfolio on December 24, he has given his go-ahead to projects worth some $40 billion, including Posco's $12.6 billion steel plant and forest clearances...

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