Insuring The Environment – Who Pays When Mining Goes Wrong?

We contend that a world-class resources sector needs world-class environmental planning, risk management and regulation. Our policy frameworks need to be as smart and innovative as our systems for finding, extracting, moving, refining and marketing depletable resources.
----------------------------------------------------------------------------------------------
Finally, such a system would better manage the risk to the taxpayer and the environment, by creating a much stronger incentive for companies to avoid environmental damage and the consequent remediation costs.
http://theconversation.edu.au/insuring-the-environment-who-pays-when-mining-goes-wrong-5060