Analysis: Refiners threaten anti-pollution efforts in shipping

Global efforts to drastically reduce toxic sulfur emissions in the shipping industry will likely be delayed for years due to the reluctance of refiners to invest billions of dollars to produce cleaner burning fuel.
The U.N. shipping agency, International Maritime Organization (IMO), has set a 2020 deadline for the maritime community to slash the amount of sulfur burned by the global fleet, blamed for thousands of deaths every year.
The IMO estimates the industry needs to invest nearly $150 billion in secondary refining capacity to ensure enough supplies are available.
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Source: Reuters