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Many Cancers And Endocrine Related Diseases Start In Your Environment!
Environmental bonds are not too popular with industry. In the meantime, Gold King Mine incident and many others have occurred. Cancer and endocrine related diseases start in your environment. Best hope for success is to take immediate or early action to minimize impact. But the public starts first and then tries to recoup costs later.
Temptation is to blame the government. What many people are unaware is the Environmental Protection Agency (EPA) requested that the Gold King Mine become a Super Fund site years before gallons of waste entered the water ways. Local government and residents declined fearing impact on local tourism and ironically their economy. We must not forget the mine through its activities was the source of the contamination!
Who Pays When Environmental Contamination Occurs?
Require companies to post environmental bonds before conducting business activity, so the by-products of doing business are not passed onto the public. You and I simply have no assurances beyond a “plan” on a piece of paper that the company is truly going to be the responsible party and correct the wrong. Issues arise such as unnecessary litigation intending to avoid liability, not culpability (for example, the mine’s actions did cause the catastrophe, and the legitimate issue only is how much it has to pay). Or in cases when the company files bankruptcy corporate law protects everyone involved except the public!
Include Key Language To Provide Instant Access To Bond Money
Include key favorable language in the bond to provide instant access to well assessed funds. Further assessments can be made as the clean up progresses or full extent of the damage is clear on lives or communities. As we enter a time in which the private corporate world appears set to get what it wants – less regulation and oversight, it is imperative that the use of environmental bonds are advocated for by you, common citizens to ensure your family doesn’t bear cost or suffer other losses due to private companies conducting business.