Placing Environmental Liability on Shareholders could Spur Shift to Renewable Energy
Research carried out at IIASA in collaboration with the Potsdam Institute for Climate Impact Research has found that making shareholder liable for the damage that their company causes to the environment could spur a shift to renewable energy.
I think this could shake the stock market up a bit. Oil companies may suffer as shareholders would not like to be held liable for an oil spill. Yet at the same time shareholders will force their companies to be far more careful.
It may well provide a boost to the transition to renewable energy.
Will the renewable energy companies be liable too? Somehow I doubt it.
It would only be fair.
It would also force them to be as green as possible. Everyone is a winner!
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