This summer, the EPA issued notice that it intends to endorse ASTM E1527-13, an updated standard for Phase I Environmental Site Assessments (ESAs). These assessments are widely used in commercial real estate transactions, and the EPA’s rules are important for companies to protect themselves against liabilities under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) – also known as the Superfund law. But there has been some confusion over the status of the standard and the EPA’s requirements, as in the past few months, it emerged that the agency planned to withdraw this final rule.
Why do environmental managers need to know about ASTM E-1527, and what action is the EPA likely to take? Jenny Redlin of Partner Engineering and Science explains.