Environmental laws and regulations are framed to protect the air, land and water environment as well as human health from adverse impacts of industrial or commercial activities. All capital ventures are aimed towards increased production and associated profits, while the surrounding environment is taken for granted. Results of such environmental devaluations are great disasters that lead to severe capital and human loss. Four different disasters that resulted from violation of major environmental laws or led to the development of new regulations are discussed below in detail.
Love Canal
Hooker Chemical Company acquired an aborted canal project area near Niagara Falls called ...