environmental liability Articles
-
Environmental liability: the issues and dangers
There appears to be a growing demand for a coherent system of liability for environmental damage at Community level. This paper tracks the thinking of the Community on this issue and considers whether any such system is justifiable, together with some of the main substantive problems in designing such a system. The difficult issues of 'damage from the past' and retrospective liability are also ...
-
Legal tools of environmental liability in Greece: application in the broader region of Asopos
This paper seeks to examine the legal tools of environmental liability in the Greek legal order which are: 1) the subjective civil liability of the Greek Civil Code; 2) the objective civil liability of Law 1650/1986; 3) the penal liability of Law 1650/1986; 4) the implementation of the Environmental Liability Directive (ELD) in Greece. The aim is to determine their effectiveness and to analyse ...
-
New environmental liability law in Spain
Last 24 October 2007 the Official State Bulletin (BOE) Law 26/2007of 23 October on Environmental Liability was published. This text aims to transpose European Directive 2004/35/CE, of 21 April on Environmental Liability which seeks to achieve the prevention and remedying of environmental damage. It establishes a framework based on the 'polluter pays and repair' principle, according to which the ...
-
White Paper on Environmental Liability
Executive Summary This White Paper explores various ways to shape an EC-wide environmental liability regime, in order to improve application of the environmental principles in the EC Treaty and implementation of EC environmental law, and to ensure adequate restoration of the environment. The background includes a Commission Green Paper in 1993, a joint hearing with the European Parliament that ...
-
Environmental Liabilities and Simulation
Environmental costs are incurred by organizations in response to requirements of federal statutes (e.g., Clean Water Act, Clean Air Act, Oil Pollution Act) or state and local laws, and may be incurred either voluntarily or as part of a program to comply with these statutes and laws. Examples of environmental costs include compliance programs, fines, penalties, legal fees, new pollution control ...
By Oracle
-
Engineering Eestimates for Environmental Liabilities using Crystal Ball
ABSTRACTEnvironmental liabilities typically have been difficult to quantify due to the inherent uncertainty surrounding these projections. The promulgation of the Sarbanes-Oxley Act, along with studies by the Government Accountability Office, has pushed full disclosure of environmental liabilities to the forefront of corporate policy. Currently, prior to the adoption of ASTM standards by the ...
By Oracle
-
Spanish Regulation 2090/2008 on environmental liability
Regulation 2090/2008 that partially develops Law 26/2007 on Environmental Liability, establishes the methodological basis not only to remedy Environmental Damage caused, but also to create a Financial Guarantee to cover such damage. This regulation gives us a clearer definition of the scope of environmental liability and excludes the so-called “traditional damages” referring to human health and ...
-
Remediation: A business perspective
The key to managing corporate environmental liabilities is to operate the remediation function as a business, recognizing that, like any business, it has a market, customers, and stakeholders. This article explains DuPont's business strategy for managing these liabilities. WHY IS A BUSINESS PERSPECTIVE SO IMPORTANT? Operating like a business is more about being financially disciplined than ...
By AHC Group
-
`Environmental Compliance and Sarbanes-Oxley,` presented at the 2005 NCASI West Coast regional meeting
Outline Intro and pre-Sarbanes-Oxley requirements Application of Sarbanes-Oxley toEnvironmental Disclosure The EMS as a tool for Sarbanes-Oxleycompliance Seven Elements of an EffectiveCompliance Program The role of a technology solution insatisfying Sarbanes-Oxley Introduction Sarbanes-Oxley (Sarbox) is intended to restore investorconfidence by increasing the accuracy and ...
-
Compensation for natural resource damages from oil spills: a comparison of US law and international conventions
The basic measure of natural resource damages in USA environmental liability statutes is the cost of restoring the injured resources, plus compensation for the interim loss of resources from the time of injury until their full recovery. In contrast, until 1996, the international Convention Protocols addressing liability for accidental oil spills did not hold the responsible party liable for ...
-
Integrated Environmental Risk Financing for Successful Brownfields Redevelopment
Untitled Document Environmental engineers and others involved with brownfields redevelopment have increasingly come to appreciate the role of the new environmental insurance products in financing environmental liability risk. Most have probably heard of cleanup cost cap insurance that can transfer the risk of cost overruns to the insurance company and pollution ...
-
Three Strategic Options for Managing Acquired Environmental Liabilities
Evaluating Through a Finance Lens As companies strive to remain competitive and profitable in today’s uncertain economy, asset transactions continue to play a leading role in their efforts to transform, adapt and re-invent themselves. A well-thought out and well-executed acquisition can bask even the most gloomy of balance sheets in sunshine by bringing rapid revenue growth, added ...
-
THE EXTERNAL VALUE ENVIRONMENTAL MANAGEMENT SYSTEM VOLUNTARY GUIDANCE
Gaining Value by Addressing Stakeholder Needs There are many times when an organization is required to communicate matters regarding its performance to outside parties. Financial and economic performance information is reported externally as a matter of course and has high value to external stakeholders. Banks, insurers, customers, suppliers, and regulatory agencies, among others, all ...
-
Phase I Environmental Site Assessment, Houston, TX 77060
Phase I Environmental Site Assessment – The site was evaluated under Phase I ESA. RSB identified that there was a metal contamination on a offsite location and which could pose environmental threat to the subject property. A Phase II ESA was recommended. RSB performed the Phase II ESA, and discovered that groundwater on the subject property contaminated metals. There was no past operation ...
-
Book Review: Frontiers in the Economics of Environmental Regulation and Liability by Marcel Boyer, Yolande Hiriart and David Martimort
Frontiers in the Economics of Environmental Regulation and Liability, by Marcel Boyer, Yolande Hiriart and David Martimort. Hampshire, UK, Ashgate Publishing, 2006. ISBN: 0-7546-4208-9Keywords: book ...
-
Locating UST at Brownfield Redevelopment Site GeoTrax Survey - Case Study
Aestus performed our GeoTrax Survey to determine potential environmental liabilities at this abandoned gas station site. We discovered a previously unknown buried tank (see image above). The client removed the leaking tank and impacted soils before construction began on this redevelopment project. Our client was pleased that Aestus’ GeoTrax Survey identified this problem area before ...
By Aestus, LLC
-
Environmental Liability Management for a Large American University
Challenge A large American university recently acquired a two-hundred acre hospital property for the purpose of future developments. One fifth of the property was impacted by chlorinated solvents and petroleum. Antea Group was appointed to assume the liability, return the land to residential use, and abate the migration of contaminants with minimal disruption to the campus or the hospital. ...
-
Brownfield Development Will Help the Global Housing Crisis
Brownfields no longer have to be unused, derelict sites. Land contaminated with explosive materials, hydrocarbons and other organic contaminants, can be safely reclaimed for residential and mixed-use purposes to help address housing and real estate shortages. And contaminated soil no longer has to be trucked to a landfill where it will create future environmental liabilities. Treating the ...
-
Environmental damage: what to quantify, prevent and insure
The Environmental Responsibility of the various economic agents operating in Spain has already been required for the last two years with the passing of Law 26/2007 of 26 October on Environmental Responsibility. Also, its partial development, as defined by Regulation 2090/2008 of 22 December, has helped to better know the environmental damages repair projects contents. Over the next year, one of ...
-
Mobilizing global teams case study
Challenge: A global consumer packaged goods company seeking to identify potential divestment opportunities enlisted the support of Antea Group to provide environmental due diligence services at multiple facility locations across 24 countries within an aggressive six-week time frame. Solution: Antea Group quickly mobilized due diligence experts from office locations in the United States, Europe ...
Need help finding the right suppliers? Try XPRT Sourcing. Let the XPRTs do the work for you