European Union legislators reached agreement on Thursday (16 November) on a new directive that will see jail sentences of up to 10 years for the worst polluters and companies fined up to 5% of their global turnover.
OK, would you take $50 million in profit in exchange for 10 years in prison? I bet a lot would.
What if guilty corporations faced nationalization? Fines & promises to never do it again aren’t adequate. Face real threat (losing control) for doing awful things.
OK, would you take $50 million in profit in exchange for 10 years in prison? I bet a lot would.
What if guilty corporations faced nationalization? Fines & promises to never do it again aren’t adequate. Face real threat (losing control) for doing awful things.