What the Latest EPA PFAS Rule Means for Site Due Diligence
August 12, 2024
On April 19, the Environmental Protection Agency (EPA) finalized a rule listing perfluorooctanoic acid (PFOA) and perfluorooctanesulfonic acid (PFOS) as “hazardous substances” under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as Superfund. The new rule clears the way for environmental investigations to determine if PFAS are in soil, groundwater, and elsewhere and, if so, the nature and extent of them, opening a significant area in Superfund liability and likely beyond.
So, what does this mean for those charged with corporate site selection and relocation? Here’s what to know about its wide-ranging impacts, including on due diligence considerations in real estate transactions.