Green investment by Dutch firms up again

Major oil industry projects take environmental investment to highest for three years

Environmental investments by Dutch industry reached their highest level for three years in 1997, according to figures just released by the Central Office for Statistics. At DF1.5bn (Ecu679m), the total investment matched the highest recorded level in 1994 - the figures exclude the construction industry. Major projects by the oil industry accounted for roughly half the total, with the chemical and mineral extraction sectors also contributing strongly. Over half of the money - DF800m - was spent on projects to tackle air pollution, representing a 60% increase on the previous year. Around DF210m was spent on water pollution, and DF170m on waste projects - double the amount spent on waste in 1996. Environmental protection accounted for 6% of industry's total investment in 1997.

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