ENSC 310 Chapter Notes - Chapter 17: Corporate Social Responsibility, Corporate Law, Telus
7 Dec 2017
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Examines corporate law as it relates to environmental protection and considers some approaches that attempt to work with, rather than against, market forces. Considers economic instruments that have been adapted for environmental purposes such as subsidies to assist companies in developing or purchasing new environmentally friendly equipment. It is often the activities of corporations that cause harm to the environment. Corporate law is generally viewed as unfriendly to environmental concerns for two primary reasons: It mandates that corporations operate in their own best interests. The corporate mandate of self-interest may even be used to advance environmental protection. Mitchell crusto has described corporate law as a shell that does not address environmental protection. Owners of corporations may avoid personal liability for corporate activities because lawsuits must be directed at the corporation itself. Id a corporation has no assets those who bring lawsuits against it may find themselves unable to recoup losses caused by the corporation.
