EPA Says Power Plants Don't Need Superfund Safety Nets

Law360 (November 25, 2020, 2:30 PM EST) -- The U.S. Environmental Protection Agency on Wednesday said it will not require power plants, chemical manufacturers, or petroleum-based and coal-based product manufacturers to set aside money to cover pollution cleanups that may result from their operations.

According to the EPA, existing state and local requirements already do a good enough job of ensuring facilities in those industries have some type of financial assurance for possible spill, accidents or other events that may lead to a severe pollution event. The agency said its final decisions don't remove any existing requirement or impose new ones.

"EPA has found that existing environmental regulations and...

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