Industry WatchFederal News The Senate passed S. 350 a bipartisan bill that will provide funds and reforms federal brownfield liability. The bill passed unanimously, with 99 senators voting in favor and one senator, Tim Hutchinson (R-Ark.), not voting. The Brownfields Revitalization and Environmental Restoration Act of 2001 (S.350) provides liability protections for innocent parties, such as contiguous property owners, prospective purchasers, and innocent landowners. The bill provides for funding and enhancement of state cleanup programs, including limits, where appropriate, on enforcement by the federal government at sites cleaned up under a state response program. The EPA’s Cleanup News reports on a close to $1 billion settlement with Aventics Crop Sciences USA, Inc. for future cleanup of the Iron Mountain Mine Superfund Site located near Redding, Calif. The settlement, on behalf of the U.S. EPA, the U.S. Department of the Interior, the U.S. Department of Commerce and several state agencies, was reached…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