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Tata Group, India’s biggest conglomerate, is following oil and mining companies including Statoil ASA in preparing to pay for their emissions.

Mumbai-based Tata is installing a so-called shadow carbon price in the group, which spans motor car manufacturing, information technology consulting, tea production and steel, Paul Brooks, group director environment, said by e-mail on Thursday. Tata may be ready to buy emission credits in the future, he said.

Read the article on Bloomberg.

Photo credit: PhotoPhoto33 (Flickr)

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