In related news I just filed a class-action lawsuit against the Tooth Fairy.
(AFP)— From being a marginal and even mocked issue, climate-change litigation is fast emerging as a new frontier of law where some believe hundreds of billions of dollars are at stake.
Compensation for losses inflicted by man-made global warming would be jaw-dropping, a payout that would make tobacco and asbestos damages look like pocket money.
Imagine: a country or an individual could get redress for a drought that destroyed farmland, for floods and storms that created an army of refugees, for rising seas that wiped a small island state off the map.
In the past three years, the number of climate-related lawsuits has ballooned, filling the void of political efforts in tackling greenhouse-gas emissions.
Eyeing the money-spinning potential, some major commercial law firms now place climate-change litigation in their Internet shop window.
Seminars on climate law are often thickly attended by corporations that could be in the firing line — and by the companies that insure them.