Climate change: Dogs of law are off the leash

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. But legal experts sound a note of caution, warning that this is a new and mist-shrouded area of justice...more