Chem, Oil, Electricity Sectors Next For EPA Safety Net Rule

Law360, New York (January 10, 2017, 5:04 PM EST) -- The U.S. Environmental Protection Agency said Tuesday it will make a rule to require chemical, petroleum products and electricity companies to prove they are financially capable of paying for cleanup or reclamation efforts associated with their operations.

In a notice set for publication Wednesday in the Federal Register, the agency said that it intends to move forward with the rule-making process to ensure companies in the chemical, petroleum and electricity industries meet the financial responsibility requirements found in Section 108 of the Comprehensive Environmental Response, Compensation...
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