How North America’s Leading Brownfield Redeveloper Makes Millions by Not Redeveloping Brownfields

Here’s a summary of the Inside Climate News article on commercial development and brownfields with bullet points:

  • Brownfield Redevelopment: Companies are profiting from redeveloping brownfields, contaminated former industrial sites.
  • Covanta Example: The article focuses on Covanta, a company that burns waste for energy, and its strategy of acquiring brownfields for new facilities.
  • Environmental Concerns: Critics argue Covanta’s practices perpetuate environmental injustices in low-income communities often targeted for such projects.
  • Profitable Endeavors: Brownfield redevelopment can be lucrative, with Covanta potentially earning millions from a single site.
  • Community Impact: The article raises concerns about potential health risks and pollution for residents living near these facilities.
  • Regulations Needed: Some argue stricter regulations are necessary to ensure brownfield redevelopment prioritizes environmental and community well-being alongside economic benefits.

Read more at Inside Climate News.

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