"Two months after it was announced that China's Ministry of Agriculture had reached an agreement with U.S. oil major ConocoPhillips and the China National Offshore Oil Corp. (CNOOC) in relation to compensation for the environmental damage caused by last year's Bohai Bay spill, the EO has learned more details of how the compensation scheme will operate.
According to the details of the package that was announced in late January, a total of RMB 1 billion yuan will be paid as compensation to settle public and private claims of potentially affected fishermen.
The EO has learned that Liaoning Province will receive more than 300 million yuan of the funds and that two counties in Hebei province – Laoting and Changli - will also receive more than 300 million yuan each."
'via Blog this'
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