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I support this approach. Any company manufacturing products which are not readily biodegradable must put in place a scheme to capture and render that product inert before they’re allowed to sell it.
New type of plastic that can’t be recycled? Better figure out a recycling process and sort out the logistics of implementing that process wherever you intend to sell it.
Chemicals in your cleaning agent that don’t break down harmlessly after a reasonable time frame? Either re-engineer your chemicals until they do, or develop a process to prevent them ending up in the waterways.
Can’t do that? You arent manufacturing it.
If power corrupts, then why not vest that power in a democratic institution controlled by the people, rather than leaving it in the hands of whoever has exploited enough of the lir peers to monopolise housing?