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by 7thaccount 844 days ago
Why? As long as the fine is a fraction of the profits, it's just the cost of doing business.
3 comments

How would they profit from falsifying lab reports on research into methods for remediation of pfas contamination?
They say there is a solution to the problem so regulators let them pollute more and make more money. Eventually we all figure out they lied and it doesn't work or they don't use it and then they get a tiny fine. Business as usual.
> Why? As long as the fine is a fraction of the profits, it's just the cost of doing business.

Yes, a problem

Times are changing. It is upto us, but firms are grappling with the concept of social license

Clearly in democracies care must be taken not end up in endless fights with stakeholders

But even in China the authorities care about social attitudes

Huh? You could say that about any cost at all. Yet, companies are constantly on the look out for ways of cutting costs. Use less material, use less labour, pay lower fines, find a way to optimize taxes, etc.