Key Terms Kyoto Protocol, 779 precautionary principle, 772 Copenhagen Accord, 779 Paris Agreement, 779 stakeholder approach, 772 environmental assessment, 775 polluter pays principle, 773 sustainable development, 772 environmental audit, 778 Review Questions 1. Why should mortgagees of industrial property be 7. Why was it necessary for governments to introduce concerned when securing their mortgages? legislation to control environmental damage? 2. Where environmental damage is prohibited under 8. What steps may be taken by prospective purchasers legislation, what defence may be available to the of property to reduce the risk of facing an directors and officers of the corporation? environmental cleanup order? 3. Why does the purchase of lands previously used for 9. "At Common Law, damage to property or the industrial purposes pose a risk to the purchaser? environment is actionable, but restricted in terms 4. Outline the various ways that legislation addresses of the type of case that may be brought before the environmental pollution. court." 5. To what extent does the legislation recognize the fact Explain. that environmental damage cannot be eliminated from certain industrial processes? 10. Outline the method used by governments to ensure 6. Identify the remedies available to the court to control that large industrial projects such as hydroelectric actions. damage to a person's property by their neighbour's dams or large land-development undertakings result in a minimum of environmental damage