Photo: Argentinean officials announce the new regulation (credit: National Environmental Office).

Thanks to a set of regulations and norms established by the Argentinean Environmental Secretariat, companies that carry on hazardous activities will have to get insurance against environmental damage in the country.

According to the office, the law that establishes this was actually approved a while ago, but companies didn’t comply with it because -ironically- there weren’t regulations to define which activities were considered dangerous and there wasn’t any insurance policy.