Thursday, December 26, 2013 12:00 AM

Environmental Risk Management for Lenders - End of Year Observations

By: Joseph Berlin, EP, CP, Judd Olson, EP
Tags: None

A lot has been written regarding the use of the new ASTM Phase I Environmental Site Assessment (ESA) standard practice (E1527-13) prior to EPA adding E1527-13 as meeting the “all appropriate inquiry” (AAI) rule. That being said, a few of our Environmental Risk Management (ERM) clients have released updated Policy or instructions to consultants requiring the use of E1527-13. Discussions with other ERM staff indicate that they plan to release updated ERM guidance upon EPA promulgating an updated A .... More

Monday, December 30, 2013 12:00 AM

Trigger events for environmental due diligence

By: Joseph Berlin, PE, EP, CP
Tags: None

The following is an article that ran in today's Grand Rapids Business Journal.  The key points to appreciate are that environmental issues can affect current or future value, price, terms and financing.  The scope of the environmental work should match the needs and goals of the transaction parties not necessarily a default scope of work that may or may not match the situation. The following is an excerpt from the article from today's Grand Rapids Business Journal (12/30/13)(full .... More


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