Which is basically what happens if we use wood for all our housing and as many consumer products as possible and chuck them in a landfill.
But yes, lies, damn lies, and accounting is definitely a danger to any environmental regulation. It has been for decades, all the industry players know how to game the system:
- no real penalties
- insiders in the regulatory offices
- hide large amounts of pollution from inspectors
- accumulate penalties and lawsuits? Start new corp, transfer assets, declare bankruptcy for the old corporation
- industry-wide penalties? Offload that back to the government (that is, society) with lobbying and rescue funds and other business subsidies
I'd pile them up in some desert. Should last a few centuries.
We’ve seen this happen with carbon capture programs already.