In 1990, a municipality in Long Island installed a granulated activated carbon (“GAC”) adsorption system at a cost of $1.25MM to remove volatile organic compounds (“VOCs”) that had been detected in two public drinking water wells. When the GAC proved ineffective in reducing the VOCs to the maximum contaminant levels (MCLs), the municipality commenced construction […]
You Say “Removal”, I Say “Remedial” Read More »
We have previously discussed how banks can find themselves saddled with environmental liability from bank-owned properties they have acquired when they purchase assets of other banks. See Acquisitions Bring CERCLA Liability to Banks The latest example is In the Matter of Hamburg Mills Creek Superfund Site, Docket No. CERC-03-2013-004 where Wells Fargo agreed to reimburse
PA Bank Agrees to Reimburse EPA For Removal Costs at Owned Property Read More »
An Ohio bank agreed to pay the United States EPA $8K in past response costs incurred by EPA to remove hazardous waste drums at a facility that had been owned by a defunct borrower. The amount the bank agreed to pay represented approximately 10% of the EPA’s response costs. The notice of the proposed Agreement