Oil giant sets up 2nd spill fund
By Wang Qian and Zhou Yan | China Daily | Updated: 2011-09-20 08:07
New scheme to focus on issues related to environment: spokesman
BEIJING - ConocoPhillips China said on Monday that it will establish a second fund with its partner, China National Offshore Oil Corporation, to address environmental issues in Bohai Bay amid a continuing oil spill.
The establishment of an earlier fund was announced on Sept 6 to pay compensation for damages caused by the spill.
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