To your latter point, industries with this sort of externalized risk should be required to issue real stock to stakeholders (Such as the neighbors of the pipeli

To your latter point, industries with this sort of externalized risk should be required to issue real stock to stakeholders (Such as the neighbors of the pipeline, the downstream water users, upstream water users as well, groundwater users, etc) They are already unwillling investors in the pipeline. They invest with the cost of their health and safety at a cut-rate of $0 to the operator of these critical systems. "I got mine!" is a terrible foundation on which to build a society.