Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley

Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley
Author: C. Gregory Rogers
Publisher: John Wiley & Sons
Total Pages: 407
Release: 2005-10-13
Genre: Business & Economics
ISBN: 0471746959

Financial Reporting of Environmental Liabilities and Risks is a complete guide to developing the underlying business systems to successfully report environmental matters in audited financial statements and reports filed with the Securities Exchange Commission (SEC). It sets forth relevant reporting and internal control standards and discusses important issues affecting reporting entities, accountants, lawyers, and environmental professionals.

Environmental Liabilities

Environmental Liabilities
Author: United States. General Accounting Office
Publisher:
Total Pages: 52
Release: 2001
Genre: Hazardous waste site remediation
ISBN:

Environmental Liabilities

Environmental Liabilities
Author: United States. Government Accountability Office
Publisher:
Total Pages: 92
Release: 2005
Genre: Hazardous waste site remediation
ISBN:

Environmental Liabilities

Environmental Liabilities
Author: John B. Stephenson
Publisher: DIANE Publishing
Total Pages: 92
Release: 2005-11
Genre: Law
ISBN: 9781422302675

The burden of cleaning up Superfund & other haz. waste sites is increasingly shifting to taxpayers, part'y. since bus. handling haz. sub. are no longer taxed under Superfund & the backlog of sites needing cleanup is growing. While environ. laws rely on the polluter paysÓ principle, the extent to which liable parties cease oper. or restructure can directly affect the cleanup costs faced by taxpayers. This report: determines how many bus. with liab. under fed. law for environ. cleanups have declared bankruptcy, & how many such cases the gov't. has pursued in court; identifies challenges the EPA faces in holding bankrupt & other financially distressed bus. resp. for their cleanup oblig.; & identifies actions that EPA could take to ensure that bus. pay for their cleanups.

Liability and Environment

Liability and Environment
Author: Lucas Bergkamp
Publisher: BRILL
Total Pages: 734
Release: 2021-12-06
Genre: Law
ISBN: 900447904X

Liability and Environment analyzes the role of law, in particular civil liability, in controlling environmental pollution and risk. In modern environmental policy, liability has become a popular instrument. In this book, Prof. Bergkamp takes a fresh look at civil liability for environmental harm in an inter- and transnational context. Over the last decade, industry's liability exposure for environmental harm has expanded significantly. At the international, EC, and national level proposals for onerous strict environmental liability regimes are pending. The `polluter pays principle', which is an articulation of the `cost internalization' theory in the environmental area, is believed to justify such liability regimes. Applying an instrumental approach to legal instruments, Prof. Bergkamp aims to redefine the role of liability in the heavily regulated environmental area. He shows that liability for environmental harm is not justified by the polluter pays principle, is an uncertain and unreliable instrument for achieving prevention, results in an inefficient insurance scheme, and plays a dubious role in adjusting activity levels. Based on an analysis of the basic characteristics of alternative legal instruments, Prof. Bergkamp concludes that civil liability should play a more modest, limited role in an environmental law system dominated by public law. Where deterrence is not the objective, first party insurance, compensation funds, or other public law regimes should be preferred over liability rules. In addition to civil liability of private parties, Liability and Environment discusses State liability under international, EC, and national law. Under international law, breach of a primary obligation triggers a State's liability. Prof. Bergkamp argues that this rule should be applied also to liability of private parties. In the environmental area, a business' primary obligations are spelled out in detailed permit conditions, regulations, and statutes. According to Prof. Bergkamp, only if a primary obligation is breached, a private person should be liable for environmental harm. The system that Bergkamp advocates is an objective fault liability regime, in which public environmental law defines the standard of care for both government and industry. "In rebuilding our civil liability system, we should keep in mind that what is good for industry should be good for everyone (or it is not good for anyone), we should keep in mind that what is good for private parties should be good for the state (or it is not good for either). In rebuilding our civil liability system, the international law of State responsibility, which is unpolluted by risk spreading and activity level considerations, will guide us a long way." This book is aimed at advanced law students, academic scholars, and practitioners. In addition, it will be of interest to policy and legislative analysts, legislators, and government officials. Professor Bergkamp's book cannot be described as "solving" the problems of legal and regulatory control of environmental harm, whether within a nation or internationally. As suggested before, however, the very idea of a "solution" is illusory. All legal and regulatory regimes around the world are today and will remain for the future in a state of perpetually continuing development. The virtue of this fine book is that it moves the process of that development forward by a very substantial measure. from the Foreword by George L. Priest.

The Environment, Risk and Liability in International Law

The Environment, Risk and Liability in International Law
Author: Julio Barboza
Publisher: Martinus Nijhoff Publishers
Total Pages: 231
Release: 2010-12-17
Genre: Law
ISBN: 9004188789

The Environment, Risk and Liability in International Law explains the important role liability plays in risk management and environmental protection in the realm of International Law.

The EU Environmental Liability Directive

The EU Environmental Liability Directive
Author: Lucas Bergkamp
Publisher: Oxford University Press
Total Pages: 406
Release: 2013-03-14
Genre: Law
ISBN: 0199670013

The 2004 Environmental Liability Directive (ELD) created a legal regime for the restoration of environmental damage that was novel to all EU Member States. This is the first book to provide a comprehensive commentary on legal issues arising under the ELD as well as guidance on interpreting and applying the ELD.