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Mining Companies Created a Dangerous Wasteland
Posted By mike On September 14, 2009 @ 9:51 am In News, Politics, Connect the Dots, Small Foot Print | 1 Comment
Read the entire article in the NY Times and consider that nowhere in the article is there discussion that perhaps the mining companies should pay for the cost of rehabilitation, cleanup, relocation of the residents.
And maybe the specific companies who left this mess have been dis-incorporated, the money backers of the industry have moved their activities into a new corporate shells, so maybe you can’t go after the specific companies that created this mess, but you can levy a tax on the industry based on the cost of fixing the mess that the industry leaves behind. That approach would establish some incentive for clean industrial practices. It’s not there today as corporations can avoid responsibility by shifting assets, liabilities, and risks and allow “subsidiary” shell corporations to fold up, dissolve in bankruptcy, while the decision-makers continue this business as usual degradation.
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