Templet, Paul H.2024-04-262024-04-26200110.7275/1274368https://hdl.handle.net/20.500.14394/40122Working Paper 12In recent decades, industry has come under criticism for failing to cover the environmental costs of doing businesses. When companies are allowed to pollute, or to use natural resources without paying their full price, they are in effect appropriating natural capital – land, air, and water – without compensation to society at large.EconomicsWorking Paper