Just because I own a piece of land, why would I care about its environmental quality? Let's say I own a million dollar parcel and through various means I'm able to extract 10 million of value from that parcel but I leave it utterly ruined and unfit for human life. Why do I care? I made my profit, I walk away.
Or maybe the tract is owned by my shell corporation. I extract millions, polluting the property and that of surrounding neighbors as well. A large swath of land lays in ruin. My neighbors sue the owner of my tract, ie the corporation, which promptly goes bankrupt. I don't care, I've already made my fortune and I'm protected by the corporate veil. If you say in such a case I shouldn't be protected, then you're arguing in favor of special penalties with respect to environmental issues.