Yes, but there is no such thing as a just punishment for a huge environmental disaster, because the scale of the event and its repercussions can potentially harm thousands for years to come. Instead, a system that seeks to secure as best it can the prevention of such catastrophe's is absolutely in order. And is not in any way a violation of even the strictest interpretation of the constitution.
Whats the punishment for killing thousands from toxic seepage, the destruction of a local economy, and the displacement of thousands of individuals? These are real threats experienced in nations around the globe, including our own. Regulation should serve to protect U.S citizens from those companies who's business is potentially life threatening and who's mechanisms or devices used to prevent these consequences are subject to maintenance and performance standards, and certainly to establish a standard of health and safety.
The phrase is often used that your liberty to swing your fists stops at my face. If i may expand upon that anology and suggest that some businesses express their liberty by swinging blades on chains. Unlike fists (for analogy sake) which are strictly under the command of the owner, the swinging of blades on chains has some mechanical feature, the reliability of which is dependent upon some attribute of the chain, or perhaps the hilt of the blade. I think it is completely fair to assume that the government has the right to say that if your business is to swing blades on chains, then we have the right to tell you the minimum gauge of chain that can be used to perform your business. And if as a business you had intended naturally through your own belief of necessity to use an even stronger chain, or to use the minimum gauge of chain required, then you'r liberty is no infringed. However, if you had chosen a gauge of chain seen to put others in too great a danger, then by placing them in unnecessary danger, you have already committed an unacceptable transgression on their liberties.