New Phase I Environmental Assessment Standard Just the Starting Point for Managing the Purchase of Contaminated Property

On December 30, 2013, the U.S. Environmental Protection Agency (“EPA”) adopted ASTM E1527-13, an updated Phase I environmental assessment standard for performing all appropriate inquiries to establish landowner liability protections under the U.S. Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”).  This new Phase I protocol clarifies the previous standard for all appropriate inquiries, which […]