Group: EU fund would run counter to Environmental Liability Directive

12/4/2012 | Business Insurance (tiered subscription model)

A proposed EU fund to cover losses and liability related to industrial pollution incidents would be "contrary" to the Environmental Liability Directive's polluter-pays principle, according to the Federation of European Risk Management Associations. "It is even likely to work against the process of risk management, rather than encouraging companies to take responsibility for the consequences of their own activities," Pierre Sonigo, the organization's secretary general, said in a statement.

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