Northeast Engineers | Blog

Coming Soon… Revised Phase I ESA Standard (E1527-13)

October 7th, 2013

ASTM E1527-13 Update

The updated ASTM standard for Phase I ESA’s will likely be published next month.

I posted this blog in June summarizing the proposed changes in the new ASTM standard for Phase I Environmental Site Assessments, E1527-13.  In August, the EPA issued a proposed rule recognizing that E1527-13 may be used to satisfy the requirements for conducting All Appropriate Inquiries (AAI) under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).  Some objections were submitted during the public comment period which ended on September 16, therefore, the EPA must now consider and respond to these comments. According to Julie Kilgore, chair of the ASTM committee responsible for developing the new standard, ASTM is expected to publish the final version of E1527-13 next month with the EPA following in early 2014.  EDR recently hosted an informative webinar on the topic that Dianne Crocker summarizes in more detail in her blog.

If you’re not prepared for the revised standard now is the time.  Contact us if you would like more information or to schedule an educational presentation.


Blog post by Jason Gold, P.E.

 

Office of the Comptroller Emphasizes Environmental Risk

September 24th, 2013

Env credit riskThe Office of the Comptroller of the Currency (OCC) has published a new “Commercial Real Estate Lending” (CREL) booklet of the Comptroller’s Handbook.  The revised booklet includes updated statutory and regulatory developments in environmental risk management.

The booklet provides much more guidance related to environmental risk. The CREL booklet states “Environmental contamination may negatively affect the value of real property collateral as well as create potential liability for the bank under various environmental laws. Therefore, the bank’s loan policy should establish a program for assessing the potential adverse effect of environmental contamination and ensure appropriate controls to limit the bank’s exposure to environmental liability associated with real estate taken as collateral.”
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ASTM E1527-13: Are you prepared?

June 19th, 2013

Are you prepared for the pending revisions to the Phase I Environmental Site Assessment standard, ASTM E1527? If not, you’re not alone. According to a survey of lenders conducted by Environmental Data Resources and published in a May 30, 2013 EDR Insight report, 43% of respondents either “don’t know enough” or are “waiting for our EP’s” to educate them. This finding correlates well with another survey by EDR of Environmental Professionals that found 69% have not yet educated their clients. Read the rest of this entry »

ASTM E1527-13: Definitions

June 18th, 2013

Definitions are an important part of a Phase I ESA.  The key revisions included in the proposed ASTM E1527-13 standard are revisions to, and the addition of, Environmental Condition definitions. While the revisions will likely cause some confusion shortly after the revised standard is published, they are an improvement over the existing definitions.

Here’s a quick cheat sheet: Read the rest of this entry »