The sinking of a cargo ship carrying containers of harmful chemicals and plastics off the coast of Sri Lanka last week is shaping up to be an environmental disaster for the country.
The state of play: The ship, the X-Press Pearl, caught fire on May 20 and burned for two weeks before finally beginning to sink. Toxic debris from the fire has blanketed miles of the country's western coastline.
Enforcement actions like lawsuits are one of the SEC’s most powerful tools to stop bad actors and telegraph the agency’s views. In 2020 alone, the regulator issued 715 enforcement actions.
Yes, but: It’s no match for Elon Musk’s will to tweet whatever he wants.
