This is a course about new strategic opportunities arising from environmental risks. Public and regulatory demand for environmental products and services must co-exist with the corporate institutions of maximizing shareholder wealth. This course examines both the theoretical and practical issues that arise in attempting to balance the health of the natural environment with value creation. Is there an inherent conflict between the institutions of business and our ability to care for the environment? What competitive opportunities are created for firms and what do they have to do to seize these opportunities? The lessons from the course will be of interest to both students of strategy and the environment.