Re:UK power station owner cuts down primary forests in Canada
by cortesoft on Monday October 03, 2022 @12:09PM
(#33069460)
I can’t imagine any country where the legislature couldn’t pass a law revoking s sold license
Re:UK power station owner cuts down primary forests in Canada
by jeffalyanak on Wednesday October 05, 2022 @04:15PM
(#33100759)
But do you know of any country where getting legislation like this passed would be straightforward and apolitical? It's not that the can't do it, it's that it would be difficult to do and would require expenditure of political capital.
If a majority government came to power and had this as a major part of their platform I suspect they'd try to get legislation passed, but any other government is not going to expend as much effort on it as would be needed to get it through.
Re:UK power station owner cuts down primary forests in Canada
by bombcar on Monday October 03, 2022 @01:16PM
(#33070576)
It can get very difficult, especially if it undermines the "trust" in the government.
Could the US government cancel outstanding bonds? Sure. Would it harm sales of future bonds? Yep.
It's much better and easier to just buy them back if the will is there.
Re:UK power station owner cuts down primary forests in Canada
by bombcar on Monday October 03, 2022 @11:19AM
(#33068740)
That's understandable, and perhaps buybacks should be attempted (around here there are conservatories that buy up "pristine" land and then take it off the market, either by themselves or via covenants with the gov't).
As a result, the current administration can't force them not to use those licenses, but are still likely to put at least _some_ pressure on them to minimize their use of them.