Responding to discussion posts | Business & Finance homework help
Student 2: The Lake Champlain Basin Program is working to reduce phosphorous levels in order to help prevent cyanobacteria blooms that can form a toxin called cyanotoxins, which is known as a powerful natural poison. Phosphorus from human activities like farming and sewage runoff accumulates in the lake leading to unnaturally high levels of phosphorus which can lead to these blooms forming. The main ethical issues associated with this topic is how expensive it could be for all involved with fixing it – both financially, environmentally, and ecologically – as well as how will all stakeholders (the government, businesses, individuals) share the burden of costs associated with remediation?
The cost of fixing pollution issues such as those seen in Lake Champlain often extend far beyond just the financial cost of actually executing clean-up efforts; there’s also environmental impacts such monetary loss due to property damage or decreased tourism/recreational opportunities caused by water contamination. There’s also a question about fairness in terms of who pays for cleaning up these problems; traditionally lower-income communities may be disadvantaged if they do not have access or resources needed for participating effectively in decision-making processes related to remediation efforts (Chang et al., 2017). Therefore, part of ensuring appropriate outcomes related to addressing problems like those seen at Lake Champlain involves assessing arguments from different stakeholders from various backgrounds when making decisions about what steps should be taken towards remediating pollution issues (such as figuring out who should pay for clean-up efforts).