3 ms·
Lots of companies do not want to deal with the cleanup of capital-intensive projects that have outlived their usefulness. For example, windmills for power. No
by efitz 2y ago
Lots of companies do not want to deal with the cleanup of capital-intensive projects that have outlived their usefulness. For example, windmills for power. Now governments are starting to require bonds for disassembly and removal before approving these items for construction. I am not an economist but this seems like a reasonable light regulation solution to me. And since ships have to come from somewhere, maybe the right place to assess these is with the shipbuilders. Them the financial responsibility of the last owner is only to get the ship to its agreed on decommissioning location rather than having to pay the breaker or just abandon it.