The BP spill is projected to cost over $40 billion to clean up,and the Exxon Valdez tanker spill of decades past has rung up areported $4 billion tab. One would think that incident preventionshould be top priority with all proponents, that preventingincidents would be a key strategy to stay solvent. So why is itthat executive management and shareholders often dodge thezero-tolerance approach to environmental risk?
Are regulations limiting liability of firms encourage risktaking in drilling regulations, oil and gas fracking?
Does lowering of mileage limits promote environmental moralhazard?
