Environmental liability: The carrot or the stick?
The idea of a new compulsory insurance class appears to represent opportunity to some and a major risk to market stability for others. Ralph Savage reports on how compulsory financial provision for environmental damage is viewed and whether it could ever be introduced here in the UK.
The UK government was one of many to lobby against proposals for compulsory financial provisions in the Environmental Liability Directive. In 2003, the then environment secretary Margaret Beckett MP
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