Business Activities On The Environment Essay

Business activities benefit the economy of a country. However, they also have negative impacts on the environment. Environmental damage is not only to water, air, and land but also on biodiversity. Besides, business activities also affect humans negatively, even causing death in some cases. To provide a healthy environment and a strong economy, that are important goals for most of the country, the environment and the businesses need to be fairly protected. Government regulations are sophisticated tools for controlling economic activities and also protecting the environment that is impacted on by business activities. However, in its implementation, environmental law causes an unacceptable impact on enterprises, particularly from the economic perspective (Arnold, Forest, and Djack 1999). A variety of different arguments has been put forward about the benefits of regulations on business. Since government introduces a law, enterprises should provide an appropriate budget to comply with the regulations. According to Arnold, Forest, and Djack (1999), environmental law is costly, reduces productivity output and ability to compete, and can even drive a business overseas. On the other hand, the government should

However, business activities also impact on the environment significantly in many ways. Business activities take every possible action to earn money even if it involves damaging the environment or causing death. As a result, the companies often create catastrophic that destroy the environment, for instance, oil that spilt into the Gulf of Mexico on 2010, and Hooker Chemical's waste that dumped in Love Canal-Niagara on the 1940s (Knufken 2010). In addition, Jowit (2010) stated that in 2008 some companies had damaged the environment, and based on a Trucost’s investigation, the estimated loss value caused by enterprise activities in 2008 was US$2.2