- Chemical manufacturing industry;
- Petroleum and coal products manufacturing industry, and
- Electric power generation, transmission, and distribution industry.
The identification of these industry sectors is part of EPA’s effort under Section 108(b) of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) to examine if financial assurance requirements will help promote better environmental outcomes. The action announced recently is not a proposed rule or a final regulation. However, EPA will begin the regulatory process for developing appropriate financial assurance requirements for the sectors identified above.
In addition, EPA has identified the following additional classes of facilities that require further study in order for the agency to decide whether to develop proposed regulations:
- Waste management and remediation services,
- Wood product manufacturing,
- Fabricated metal product manufacturing,
- Electronics and electrical equipment manufacturing, and
- Facilities engaged in the recycling of materials containing CERCLA hazardous substances.
Caltha LLP assists prospective Buyers, Sellers and their Lenders in meeting Environmental Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.