India’s recently-formed Green Tribunal has shown some teeth. It’s ordered the suspension of the environmental clearance, granted just over a year ago, to the country’s biggest proposed industrial project, declaring the earlier process to have been “vitiated in the eyes of the law”. Now the Ministry of Enviornment will have to perform a new Environmental Impact Assessment.
British-based investors in South Korean company POSCO include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited: see