Should corporations own responsibility for the environment?

Recently, several oil projects have been in the news due to leaks in the Southeast and the Standing Rock protests.

In addition, global climate change has been a sticking point of the past handful of elections. Many corporations have been implementing sustainability initiatives and "going green" has become a huge area for innovation (https://hbr.org/2009/09/why-sustainability-is-now-the-key-driver-of-innovation?cm_sp=Article-_-Links-_-Comment). However, these initiatives can have huge upfront costs to corporations and, in turn, shareholders.

With the environment becoming a bigger concern to many Americans and Europeans, what role do corporations play in environmental sustainability? Do corporations have a responsibility to the communities in which they operate to be conscious of the environment above and beyond the requirements of local laws?

Read the article then answer the questions above, answers should be at least 1 page. No conclusion or introduction needed, just answer the questions directly.