Industrial Facilities Owned by Profitable Companies Release More of Their Toxic Waste into the Environment
How much pollution a facility engaged in production or resource extraction emits isn’t just based on its location, its industry or the type of work it does. That’s what our team of environmental and financial economists found when we examined how corporate characteristics shape pollution emissions.
Pollution emissions rates also vary with specific characteristics of the company that owns the facility – such as how many patents it holds, how profitable it is and how many employees it has, according to an analysis we have conducted of corporate pollution data.
We found that industrial and mining facilities owned by profitable companies with relatively few patents and fewer employees tend to release higher proportions of their toxic waste into the environment – into the air, into water or onto soil.
By contrast, industrial sites owned by unprofitable companies with higher levels of innovation and more personnel tend to handle higher proportions of their toxic waste in more environmentally responsible ways, such as processing them into nontoxic forms or recycling them, or burning them to generate energy.
Corporations publish their pollution data
A 1986 federal law requires companies that are in certain industries, employ more than 10 people and make, use or process significant amounts of certain toxic or dangerous chemicals to tell the government where those chemicals go after the company is done with them.
That data is collected by the U.S. Environmental Protection Agency in a database called the Toxics Release Inventory. That data includes information about the companies, their facilities and locations, and what they do with their waste chemicals.
The goal is not only to inform the public about which dangerous chemicals are being used in their communities, but also to encourage companies to use cleaner methods and handle their waste in ways that are more environmentally responsible.
Overall, U.S. companies reported releasing to the environment © CounterPunch
