Environmental Disasters Show Risk in Business
Colorado business owners could face unexpected financial repercussions for environmental hazards that settled on their property after the recent flooding in the state, an environmental expert says.
And a Sept. 9 spill of some 233,000 gallons of molasses into Hawaii’s Honolulu Harbor near Sand Island has caused one of the worst environmental destructions to sea life in the island state’s history, according to news reports.
Matson immediately ceased its molasses operations and said in a press conference and ensuing press release that it would “fully cooperate with the state” on cleanup response.
It’s not yet known if Matson carried environmental insurance. That may not matter in this type of spill, McElroy says, as the federal government does provide assistance for damages and cleanup costs.
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