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Every petrochemical pipeline is a time bomb. Even the ones that aren’t actually bombed. But those ones too.
From @ExtinctionR/:
https://social.rebellion.global/@ExtinctionR/111134521596544398
I am a weirdo, I know, but I have this wacky idea that if a company can’t pay the full, true cost of cleaning up the damage from a project (or can’t afford to buy insurance against such cost), then they should not undertake that project — and the financial structures surrounding the project should ensure that they do not.
This is a 'common sense' thing that given our own media and a couple not-too-corrupt politicians would have a ton of legs.
Like i've met people up by the boundary waters who are pretty conservative and feel they need more mining industry to keep their remaining hospitals and schools open, but also like nature to survive and the tourist economy it brings, who propose themselves that hundreds of millions of dollars be put in escrow for immediate cleanup of a tailings pond spill.
Of course at any cost commensurate to the risk such an escrow account requirement would kill all these projects.
But if there were a "big government" commitment to keeping hospitals and colleges open people probably would not miss the environment-destroying industries…
@mlncn
An alternative to those escrow accounts is insurance: if the general risk of them is small enough to justify them, even if cleanup costs are fully paid in the case of rare failures, then let insurers say so. And if it’s still too expensive, then the project •should• all be killed.