Financial Provision for Environmental Liability. Nicola Dunleavy, Partner EPA & ICEL Environmental Law Conference, 3 October 2014. Topics. Powers of the EPA What must be covered by financial provision? Forms of financial provision – new Draft EPA Guidance:
Nicola Dunleavy, Partner
EPA & ICEL Environmental Law Conference, 3 October 2014
“General third party liability policies will not be acceptable as financial provision. The EPA may, however, consider environmental impairment liability policies in respect of licensed facilities with a RBME [risk-based methodology for enforcement risk ranking] of B or C provided that the policy wording is acceptable to the EPA”
‘Master’ insurance policy – appropriate?