Using a formal political economy model with asymmetric information, we illustrate the conditions under which an environmental protection system based on extending liability to private financiers is welfare superior, inferior or equivalent to a system based on an incentive regulatory scheme...

When liability for environmental spills, product failures, or other types of accidents is imposed on firms with insufficient wealth, those firms may file for bankruptcy ---thereby becoming ''judgement proof''--- as soon as a major accident occurs. As a result, they are unlikely to choose...

TABLE OF CONTENTSIntroduction 192I. Cleaning Up Contaminated Sites 200A. Program Accomplishments 205B. NPL Listings/Deletions 206C. Construction Complete 209D. Government Performance Results Act Measures 210E. Removal Actions 212II. Paying for Cleanup: Taxes and Liability 213A. Superfund Trust...

The commercial development of offshore methane hydrates will necessitate planning for accidental risk. Due to the unique risks and hazards associated with the development of offshore methane hydrates, it is unlikely that their development would be capable of beginning without some form of ex...

A potentially huge untapped resource of natural gas exists just offshore almost every coastal state in the world, the resource called methane hydrates. The opportunities for fiscal revenues, energy security, and freshwater resources will be attractive to many of those states; for many, the...

The climate change problem forces the government to implement a policy protecting its society and economy against the possible damage that might be caused by changing weather conditions. At the same time, it can be questioned to what extent citizens are able to (and should) take responsibility...

This paper, a celebratory essay marking the 50th anniversary of the first issue of Environmental Law, the nation's oldest and most comprehensive law student-edited law review, discusses the background of the founding of the journal in 1970 and surveys the many symposia and leading articles it...

This updated chapter of the Lexis Treatise, Waters & Water Rights provides an overview of the statutes and cases governing water law in New York State. The state's water law is primarily codified in Article 15 of New York Environmental Conservation Law, with residual issues defined by common...

The issue of climate change has at long last made its way into mainstream policy discussions in the United States. However, the focus both in the United States and internationally has been on reducing energy production and transportation emissions. This has led the media, policy makers and the...