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It won't work, as when it comes time to pay for the cleanup the parent company will go 'bust', and like a phoenix a new company will rise from the ashes with th
by mattmanser 7y ago
It won't work, as when it comes time to pay for the cleanup the parent company will go 'bust', and like a phoenix a new company will rise from the ashes with the same owners.
- NeedMoreTea 7y agoI'm sure there's lots of fair and creative ideas could be dreamed up that can solve this, without destroying commerce, or leaving gaping loopholes. Do we want sustainable, or just the pretence of it? How about requiring some large percent of turnover or profit to be held in escrow until decommissioning? Set it at whatever level necessary such that all companies will eventually get a refund from it, only if they still exist, otherwise it goes to state coffers, or distributed to the population. Added bonus of encouraging some long-termism. Beats socialising all losses and cleanups via the state. Might not be quite so popular with the extremely wealthy. :)