Motilal Oswal: Oil And Gas Flying High On National Green Tribunal’s Besom  
A gas flare is seen at the Marathon Petroleum oil refinery in Kentucky, U.S. (Photographer: Luke Sharrett/Bloomberg)

Motilal Oswal: Oil And Gas Flying High On National Green Tribunal’s Besom  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Over the past few years, The National Green Tribunal (NGT) has been at the forefront in implementing pollution reduction in the country through both policy and punitive measures.

The Central Pollution Control Board (CPCB) had highlighted back in 2017–18 that 100 industrial clusters across India are polluted.

NGT has called for strict action against such units, including recovering the cost of damage done to the environment for the past five years.

In terms of air pollution levels, 32 of these were critically polluted, while 28 were severely polluted.

Since the start of 2020 alone, NGT has levied a total of Rs 4 billion in fines across industries.

In its July 2020 order, it also asked CPCB to file an Action Taken Report (ATR) on restricting the use of petcoke and fuel oil by January 2021. Natural gas is expected to be at the center of the fight against air pollution.

Click on the attachment to read the full report:

Motilal Oswal Oil & Gas sector update.pdf

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