Posted: Apr 13, 2020 1:40 am
Failures to price in externalities are failures of government. Companies are structured to maximise profit given their regulatory environment. It's not that they're unable to price in the costs of environmental impact mitigation, they simply don't do it if they're not required to. Requiring them to is government's job, albeit one made harder by the level of acceptance of corruption in the form of corporate political donations.