Environmental Liability
/ɪnˌvaɪrənˈmɛntl ˌlaɪəˈbɪləti/
Definitions
- (n.) Legal responsibility for environmental damage caused by contamination or pollution, often involving cleanup costs and penalties.
The company faced environmental liability for contaminating the river with hazardous waste.
- (n.) Obligation arising under environmental laws to remediate or compensate for harm to the environment.
Environmental liability can result from violating regulations on toxic emissions.
Forms
- environmental liability
Related terms
See also
Commentary
Environmental liability often involves strict or joint liability and requires careful due diligence during property transactions and corporate acquisitions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.