i-law

Liability Risk and Insurance

Strapped superfund in state deal

Lacking funds to arrange safe drinking water for 150 homes near the Solitron Microwave site near West Palm Beach in Florida, the US Environmental Protection Agency have struck a deal with the state of Florida. In return for credits against future clean-up liabilities the state will take on work at the toxic site and the installation of new water lines. This story runs in the New York Times of 31 July 2002 as an example of the parlous state of Superfund’s finances.

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