Financial Provision for Environmental Liabilities

The Environmental Protection Agency (EPA) 2019 document on Environmental Liabilities and Financial Provision  provides guidance to ensure that adequate funds are available to pay for remediation of environmental damage and pollution and provide for safe closure and incident management at licensed facilities.  Financial Provisions can take the form of : Secured bank accounts On-demand performance bonds Parental...

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New Guidance: Financial Provision for Environmental Liabilities

Financial Provision is a mechanism which the EPA employ to ensure that the State is not exposed to clean-up costs associated with environmental incidents be they historical or more recent. Financial provision is defined as putting in place a financial instrument or other approved financial provision to cover the full cost of remedial measures if an incident...

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