Industry WatchCanadian Brownfield Budget The Canadian federal budget was presented to Parliament in Ottawa on March 23rd and contained little of real substance for brownfields, other than those under federal ownership. There were two pronouncements affecting brownfields: 1. The commitment to spend $3.5 billion (U.S. $2.67) over the next 10 years on cleaning up federal contaminated sites. It is likely that this will initially address old mines in northern Canada and DEW-line installation cleanups, both of which are costly. (From an earlier Commissioner of the Environment and Sustainable Development report, just four mines could cost as much as $700 million (U.S. $535) to remediate and there are at least 25 in probable need of action.) Under the same heading was a commitment to spend $500 million (U.S. $382) on addressing the Sydney Tar Ponds, probably Canada’s worst contaminated site, and other sites with a federal involvement. 2. Under promoting innovation, an…Log In to Read Full Article
RACER Trust’s Proving Ground Stimulates Efficiency
Judge Robert Gerber, sitting in the U.S. Bankruptcy Court for the Southern District of New York, signed an order in effect creating RACER Trust in March 2011. RACER — for Revitalizing Auto Communities Environmental Response — was handed a portfolio of more than 300 properties scattered over 89 locations in… Read more
Water, Water Everywhere?
While in the following pages I will recount a number of serious localized water shortages, I can tell you at the outset, this will not be another gloom-and-doom scenario to which you are treated daily in your local and national news sources. Now, in my 54th year of professional effort… Read more