System and method for banking downstream resource costs
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United States of America Patent
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Sep 18, 2012
Grant Date -
Oct 30, 2008
app pub date -
Mar 12, 2008
filing date -
Apr 25, 2007
priority date (Note) -
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Abstract
In a system according to the invention, a sum of money related to the current or projected cost of pollution remediation associated with the use of a particular mineral resource is banked at the time of the mineral's extraction, first sale or entry into the stream of commerce. Disbursement of the banked monies may be made to downstream processors, end users, effected entities or third parties for remediation, sequestration or conservation activities or simply for recompense. In one embodiment of the invention, dynamic tracking systems may apportion the payout as a function of measured observed winds and precipitation patterns. In this way, the true economic cost of a particular mineral resource may be more accurately reflected in its selling price.
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