In the 1990s the Mobil Oil Corporation acquired the rights to increase their pollution by 900 pounds of sulfur - dioxide per day at their Torrance, California refinery.These rights were purchased from South Gate, California, at a price of $3 million after the latter acquired them from General Motors.As a result of this change, Mobil increased its output of noxious vapors in Torrance, California by 900 pounds per day.Do you think the environment was harmed as a result of the sale of these pollution rights? Explain.

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The Answer of In the 1990s the Mobil Oil Corporation acquired the rights to increase their pollution by 900 pounds of sulfur - dioxide per day at their Torrance, California refinery.These rights were purchased from South Gate, California, at a price of $3 million after the latter acquired them from General Motors.As a result of this change, Mobil increased its output of noxious vapors in Torrance, California by 900 pounds per day.Do you think the environment was harmed as a result of the sale of these pollution rights? Explain.

In the 1990s the Mobil Oil Corporation Acquired the Rights