Indian Polity · Polity
Consider the following statements regarding corporate accountability, risk mitigation, and remedial mechanisms relevant to mining disasters: I. Environmental Impact Assessments (EIA) and robust tailings-management standards are standard regulatory requirements in many jurisdictions, and deficiencies in them commonly form the basis for legal challenges. II. The 'polluter pays' principle in practice removes the plaintiffs' burden to prove causation, meaning governments or companies automatically pay compensation once pollution is alleged. III. Multilateral development banks, export credit agencies, and private insurers often impose safeguard standards (e.g., Equator Principles) that can require companies to finance remediation or be denied financing. How many of the above statements are correct?
- 1None
- 2All three
- 3Only two✓
- 4Only one
Correct answer
Only two
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