ExxonMobil

ExxonMobil

Site Remediation

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Efficiently remediating and restoring the lands we affect is central to reducing our overall environmental impact. Over the past six years, we have actively enhanced our approach to the remediation of affected properties and the transfer of non-operating surplus properties to beneficial end use. Since 2008, ExxonMobil Environmental Services (EMES) has spent more than $4 billion in remediation activities and returned more than 1,000 properties to beneficial end use1. In 2013, EMES monitored more than 6,500 active projects in our global portfolio, compared with more than 8,000 projects in 2012.

Our focus on site reclamation continues to lead us toward innovative ways to remediate and enhance the pace of disposition of surplus properties to enable their beneficial end use. In 2013, ExxonMobil completed the donation of an approximately 13-acre site to Blacksburg, South Carolina. The town will work with a local land trust, Upstate Forever, to develop the property for recreational use. In Baltimore, Maryland, on a site that was once part of a refinery and products terminal, a developer has completed construction of a new urban shopping center that includes a small park, which will serve as a much-needed resource for nearby neighbors. A 58-acre property in Olean, New York — a former refinery that operated from 1872 to 1955 — was sold to a developer that will proceed with redevelopment and the required cleanup under the New York State Department of Environmental Conservation Brownfields Cleanup Program (BCP). While the criteria and requirements of the BCP are rigorous, it provides incentives intended to enhance private-sector cleanup and redevelopment of brownfield sites, including tax credits for developers, a tax credit for real estate property taxes and an environmental remediation insurance credit. These incentives help bring needed economic development to communities.

The process of remediating a property, determining a beneficial end use and ultimately transferring the property out of the EMES portfolio can be challenging and time-consuming. Additionally, there are a variety of complex regulatory requirements that come into play during the process. To overcome some of these challenges, ExxonMobil collaborates with a wide variety of stakeholders, including local, state and federal regulators and, in some cases, the new property owners. Realizing other companies across a variety of industries face similar challenges, ExxonMobil is leveraging its depth of experience in remediation and creative end-use to help establish a Surplus Property Roundtable (SPR). The SPR is a forum for more than 15 companies to share best practices and ideas for beneficial and innovative end uses of surplus properties. In addition, our partnership with the Land Trust Alliance and collaborations with land trusts across the United States continue as we endeavor to advance land conservation as an end use option for future properties.

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