ASTM Releases Standard Guide For Identifying And Complying With Continuing Obligations Under CERCLA

ASTM International recently published a Standard Guide for Identifying and Complying with Continuing Obligations, ASTM E 2790-11 (Guide). This Guide offers a comprehensive approach to assist property owners (and other users such as tenants/operators, as may be appropriate) with maintaining important environmental liability protections. The Guide fills a critical gap by providing practical guidance to implement statutory liability protections to promote the redevelopment of Brownfields and other under-utilized properties. This Guide was developed by representatives of various industrial, lending, consulting, and governmental entities and provides a uniform procedure to better understand the ongoing obligations and risks associated with environmentally challenged properties. The Guide generally outlines a suggested procedure to evaluate potential environmental impacts, identify the continuing obligations that may flow from these environmental impacts consistent with