Robust Indemnification and Environmental Guarantees Found Nowhere Else in the Market

ELT has successfully assumed nearly $2 billion USD in corporate environmental liabilities for clients - and has never defaulted on an obligation or given a site back to the seller/PRP. Additionally, over 90% of ELT’s assumed liabilities have achieved final environmental milestones or are in the last stages of regulatory closure. This experience is critical when choosing a partner for environmental liability management. 

If you have an industrial asset or environmental liability you would like considered by ELT, please contact us today for a confidential and no-cost value proposition.

Phone: 314-835-2813 / Email: sales@cdcco.com
ELT Commentary -- A Not So New Path for Superfund Sites
by Colleen Kokas, Exec VP at ELT.
In late February, EPA Administrator Andrew Wheeler provided testimony in a congressional subcommittee hearing on EPA’s 2021 draft budget. Administrator Wheeler reported that EPA was relying on its enforcement authorities to supplement the funds dedicated to remediating Superfund sites. The public reaction from some was that this was a new tact that EPA was taking as a result of the Administration proposing a smaller 2021 budget of $1.056B (down from $1.185B in 2020). However, strong enforcement against polluting parties in not new in the Superfund program.
 
EPA has had a long history of the “Polluter Pays.” That strategy has made sense due to the limited public resources to address contaminated sites -- focusing those resources on sites without viable Potential Responsible Parties. Those funds could be committed to EPA through a PRP entering into a Settlement Agreement, an Administrative Order on Consent or through a successful cost recovery action. All of which are effective in reducing the burden on tapping into federal funds. 
 
The polluter pays concept is replicated in a good environmental liability transfer deal. ELT works with PRPs regularly to have them establish remediation trust funds that will cover the cost of the remediation—allowing Superfund and other federal and state funds to be obligated for orphaned sites. 
 
For more information on how ELT can purchase Superfund Sites and indemnify Superfund PRPs, or to learn more about this topic, please contact Colleen Kokas at 215-630-0482 / ckokas@ELTransfer.com
Colleen Kokas
Executive Vice President
215-630-0482 ckokas@ELTransfer.com 
ACQUISITION CRITERIA
Seeking Industrial Real Estate Assets and/or Environmental Liabilities
If distressed real estate is impacting your operations, transactions, or balance sheet, please contact us for a confidential discussion. ELT's core offering includes:

  • Environmental Liability Transfers
  • Brownfield Real Estate Purchase
  • Liability Transfer + RE Purchase
  • Guaranteed Cost Certainty
  • Corporate Indemnification
  • Maximum Value for Retired Assets
  • Transfer of Regulatory Obligations
  • Transfer of Post-Closure Obligations
  • Sustainable Redevelopment Planning
  • Sale / Leaseback Options
  • Preservation of Legacy & Brand

Phone: 314-835-2813
Email:  sales@cdcco.com
Contact Us
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us. 

John Kowalik
Phone: (314) 835-2813