No one doubts the scale of the global climate crisis. In the 1990s, environmental issues were perceived mostly within the context of major pollution cases. Perhaps the most infamous occurred in 1983 in Bhopal, India, when Union Carbide released 40 tons of methyl isocyanate, killing 3,500 people and injuring another 200,000. Having failed in the U.S. courts, the injured parties settled the ensuing litigation in Indian courts for about $470 million (about $15,000 per decedent).

Since then, there has been increasing focus on the potential effects of climate change, reports by the Intergovernmental Panel on Climate Change (www.ipcc.ch), and by Sir Nicholas Stern on behalf of the U.K. government (http://tinyurl.com/LTN92GL3).

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