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February 2014


February 11, 2014 | Posted by Toni Finger 2/11/2014 | Permalink
In November 2013, the American Society of Testing and Materials (ASTM) revised their “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process” standards for conducting Phase Is. The new standards, which are set forth in ASTM E1527-13, and update the 2005 standards set forth in ASTM E1527-05, apply to all Phase I environmental site assessment performed after November 1, 2013. The updated standard contains several key revisions and have been recognized by the United States Environmental Protection Agency (“USEPA”) as satisfying the “All Appropriate Inquiries” (“AAI”) requirement to qualify for the innocent landowner, contiguous property owner, or bona fide prospective purchaser limitations on liability under Comprehensive Environmental Response Compensation and Liability Act (“CERCLA”). read more