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Exact(32)
Environmentally responsible companies also have less risk of environmental liability, which could have a major impact on future stock prices.
The company also retains ownership of the site and remains subject to any environmental liability.
"My bet is that BP will finally go bankrupt from the tort liability and the environmental liability," she said.
"It's remarkable how perceptions of environmental liability have changed [but] our struggle is finding the incentives for mining companies to really innovate," he says.
It has previously enjoyed immunity from claims relating to the period between 2000 and 2014 thanks to its environmental liability agreement.
"What we are talking about is turning an environmental liability into a financial opportunity," said Jennifer Holmgren, chief executive of LanzaTech, which is based in Chicago.
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Banks are taking potential environmental liabilities into closer account when they decide whether to make loans.
In the end, Patriot was able to emerge from its first bankruptcy without dealing with most of its environmental liabilities.
Clean Harbors said that as part of the deal, it would assume environmental liabilities valued at about $265 million.
"This company has had complete success in divesting itself of all liabilities of every kind, including environmental liabilities, which are the hardest to shed".
Although Securities and Exchange Commission rules require companies to disclose trends and uncertainties that could affect their stocks, few specific provisions exist for disclosing environmental liabilities.
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environmental interest
environmental requirement
environmental penalty
environmental punishment
environmental determination
environmental accountability
environmental blame
environmental compensation
empty liability
environmental competence
environmental guilt
environmental disadvantage
environmental litigation
environmental engagement
environmental fault
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