Singapore to use ‘every legal and regulatory lever’ against companies linked to haze: Shanmugam
The government will ask for the full facts, consider all evidence fairly and act based on the facts, he said
Senior Minister K Shanmugam has warned companies linked to the haze in Southeast Asia that Singapore will use "every legal and regulatory lever" at its disposal to take action against them. Existing laws may be changed or new ones introduced to ensure cooperation, and the government will pursue the matter even after the haze clears up.
Companies cannot claim to be environmentally responsible while refusing to be scrutinized, and they cannot escape responsibility by using different corporate structures or waiting for the haze to clear. Shanmugam also criticized Singapore-listed companies for playing hide and seek with their ties to burning plantations in Indonesia and stated that they cannot greenwash their behavior.
Investigations have found that four of the seven firms involved have Singapore links. The government will also scrutinize banks that have lent money to these companies and examine whether they are benefiting from Singapore's grants and incentives.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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