LYC 1.47% $6.88 lynas rare earths limited

dr looi on fb malaysia, page-236

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    https://www.bharian.com.my/berita/nasional/2019/03/543842/syarikat-mencemar-alam-sekitar-wajib-bayar-kos-operasi-pembersihan

    Minister Yeo worries about the environmental damage done in Pasir Gudang, but doesn't mention Lynas, since Lynas has nothing done to be blamed. Have a look at this: (translated by Google).

    21 March
    MINISTER OF Energy, Technology, Science, Climate Change and Environment, Yeo Bee Yin. - NSTP / Muhd Zaaba Zakeria
    Companies polluting the environment are obliged to pay the cost of cleaning operations:

    The government intends to introduce new laws that oblige companies to pollute the environment to pay for the cost of cleaning and other damage they have done.
    Minister of Energy, Technology, Science, Climate Change and Environment, Yeo Bee Yin, said the new law would be part of the proposed amendment to the Environmental Quality Act 1974.
    She said, besides focusing on individuals who commit the crime, the new law will also punish companies that do not monitor their scheduled waste movements."The polluters must be punished for this mess, but if the lorry drivers are doing, how to force them to pay millions of dollars worth of damage, for prosecution in the name of the individual. They will be declared bankrupt and the government still has to pay.

    "What we are going to do in the new law is the way to make sure companies that do not monitor their scheduled waste disposal bear the cost of repairing the damage they have done," she said at a press conference after attending the Malaysian Industrial Development Center (MIDF) Green Conference here, this is
    Asked when the new law would take effect, Bee Yin said her ministry had been working on the matter and had dealt with the Attorney General, Tommy Thomas."Reviewing the law will take some time and what happens in Pasir Gudang will help accelerate the presentation of the law in Parliament," he said.
    The Johor government has reportedly had to spend RM6.4 million as an immediate relief for cleaning work as well as assistance to victims of toxic waste at Sungai Kim Kim, Pasir Gudang.This raises protests from people who want the responsible party to pollute the river with the expenses incurred. - BERNAMA
 
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