ASSESSING SITE POLLUTION RISKS
Key Principle: Strict Liability
One of the most unique characteristics of pollution risk is the principle of Strict Liability. Few realize that the EPA doesn't pay for environmental clean-ups. They just make sure someone cleans up pollution. And even though there may have been no negligence, you can still be named as a responsible party. For example:
While constructing a new sports stadium at a Western university, a contractor ruptured two abandoned 10,000-gallon underground storage tanks full of gasoline and diesel fuels. Since the land was donated to the university by a private company and the contractor did not have pollution insurance, the university was charged $200,000 for the environmental cleanup.
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