Disasters and Corporate Liability - What Are We Starting to See?
Are we seeing the beginning of the corporate "enough is enough" movement? The connection between public safety and irresponsible corporate behavior on a mass scale would appear to be getting called out.
PG&E ran to the bankruptcy courts for cover as tens of billions of dollars of potential liability became an overwhelming threat. Why preemptively run for cover unless you know you're wrong? PG&E could afford to defend itself in lawsuits, but it knew a judgement against it would be too much to handle.
And now, the City of New Orleans is suing ten oil companies for the destruction of wetlands. Wetlands are nature's way of creating a barrier to flooding and limiting the impact of hurricanes - their demise has been attributed to the severe impacts of Hurricane Katrina. The suit alleges the companies did not comply with coastal use permits and that the companies knew of the damage their operations were causing.
Photo by Matthew Henry from Burst