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What Are Bona Fide Prospective Purchaser Criteria?

by Caltha Company | Jan 8, 2013 | Due Diligence, Environmental Review, Environmental Site Assessment, FAQ, Waste

To qualify as a Bona Fide Prospective Purchaser (BFPP) under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, commonly known as Superfund),  a landowner  or tenant must meet certain criteria. To receive the liability protection, a...

CERCLA Liability Protections Extended To Tenants Who Satisfy BFPP Criteria

by Caltha Company | Jan 8, 2013 | Due Diligence, Environmental Review, Environmental Site Assessment, Waste

EPA is extending liability relief for tenants leasing property on brownfields or other contaminated properties, in response to liability concerns raised by developers who wish to participate in an EPA effort to place renewable energy projects on potentially...

Update On Revision To ASTM E1527-05 – New ASTM 1527-13

by Caltha Company | Dec 1, 2012 | Due Diligence, Environmental Site Assessment

In October 2012, the ASTM E1527 Phase I Environmental Site Assessment Standard  task force met at ASTM Committee Week meetings in Atlanta, GA to discuss negative votes and comments on a ballot issued in September. The group of about 50 environmental professionals,...

EPA Brownfields Assessment, Revolving Loan Fund and Cleanup Grant Deadline Extended

by Caltha Company | Nov 17, 2012 | Due Diligence, Environmental Site Assessment, Waste

The U.S. Environmental Protection Agency (EPA) has extended the due date for submission of the Assessment, Revolving Loan Fund and Cleanup (ARC) Grant Request for Proposal by two weeks, from Nov. 19, 2012 to Dec. 3, 2012, due to significant disruption caused by...

What Is the Difference Between an Environmental Audit and Environmental Assessment?

by Caltha, LLP | Oct 19, 2012 | Due Diligence, Environmental Audit, Environmental Site Assessment

From time-to-time, Caltha will receive calls requesting an “environmental audit” of a property. Upon further discussion, it is usually determined that they are actually looking for an “environmental assessment”. It is not unusual for the terms “audit” and “assessment”...

Conducting Phase 1 Environmental Assessments On Rural And Forested Lands

by Caltha, LLP | Oct 19, 2012 | Due Diligence, Environmental Site Assessment

Conducting environmental site assessments for large tracts of forested or rural lands presents a challenge to strict adherence to the ASTM Standard Method for Phase I environmental site assessments (ASTM E 1527-05). Recognizing this, in December 2008, the U.S....
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