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ARTICLE · 30 APRIL 2019

PFAS And Credit Transactions: Are You Protected From Environmental Liability?

PFAS, noted for its use in older non-stick cookware, fabric stain preventers, and numerous other industrial applications, is fast becoming a major environmental contaminant that is expensive

United StatesEnvironment

PFAS, noted for its use in older non-stick cookware, fabric stain preventers, and numerous other industrial applications, is fast becoming a major environmental contaminant that is expensive to investigate and even more costly to remediate. In Wisconsin, Governor Evers' budget lists this chemical by name in seeking funding to prioritize likely PFAS contaminated sites and to hire two new managers to solely address PFAS. The Wisconsin Department of Natural Resources (WDNR) already is addressing several PFAS sites across the state with more likely to emerge.

Testing for PFAS is very expensive due to limited laboratory capacity, and cleanups are even more costly due to the very low regulatory levels and limited cleanup options. Called an "emerging chemical," potential PFAS liability is upsetting the previously stable redevelopment world given the high cost liability associated with PFAS.

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