MY BAD: Chinese oil and chemical company Sinopec Corp. is promising to clean up hundreds of millions of tiny plastic pellets that washed up on beaches across Hong Kong after they fell off a ship during a strong typhoon.

SHOWING THE MONEY: The company, one of China’s three major state-owned oil companies, said it is setting up a $1.3 million cleanup fund, arranging FOR industrial cleaning equipment and sending staff to help with the effort.

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DAMAGE DONE?: environmental groups worry that the pellets, raw materials used by factories to make other plastic products, could absorb toxins and pollutants before being eaten by fish, making their way up the food chain and posing a threat to humans and rare marine species. the company said the risk was low because the pellets were chemically stable.