Title: Love Canal and the return of paper prophets: a social critique of mainstream accounting

Authors: Tony Tinker

Addresses: Department of Accountancy, Baruch College at the City University of New York, Box B12:225, One Bernard Baruch Way, New York, NY 10010, USA

Abstract: USA is inflicting severe damage upon both the environment and its inhabitants. In 1979, the EPA estimated that in the USA there were as many as 51,000 sites containing potentially hazardous waste. The number of sites with 'significant problems' was anywhere. The EPA noted, "Industry has shown a laxity, not infrequently to the point of criminal neglect, in soiling the land and adulterating the waters with toxins". The story of Love Canal is but one example of the consequences of inadequate waste disposal practices. Although usually portrayed as a failure of public policy and/or as a regulation or pollution problem, Love Canal was also an accounting problem.

Keywords: critical accounting; environmental accounting; case studies; politics; CSR; corporate social responsibility; USA; United States; Love Canal; social critiques; environmental damage; EPA; Environmental Protection Agency; hazardous waste sites; mainstream accountancy; criminal neglect; toxins; soil contamination; water pollution; waste disposal; public policy; environmental regulations.

DOI: 10.1504/AJAAF.2014.066136

African Journal of Accounting, Auditing and Finance, 2014 Vol.3 No.2, pp.143 - 148

Received: 08 May 2021
Accepted: 12 May 2021

Published online: 03 Dec 2014 *

Full-text access for editors Access for subscribers Purchase this article Comment on this article