The cost of delay in failing to address human-caused environmental damage is estimated to be in the tens of trillions of dollars.
The Bank of England added to the climate change cleanup message recently when its governor said “Companies that don’t adapt, including companies in the financial system, will go bankrupt without question.” He added that some companies will make fortunes in cleaning up from the effects of climate change.
A core belief at Baysave is that strict product liability law is the key to our survival. In other words, if you sell a gallon of gasoline, then you have a primary financial liability for the damage caused by the chemical gases released when the gasoline is burned. We continue to see huge opportunities for environmental cleanup in the the Delaware Bay. We just need to get the big polluters on board to pay for it. That will take legal and legislative action.