National Mining Association Alarmed at EPA’s Flawed Financial Assurance Rule
The National Mining Association (NMA) today expressed alarm over the Environmental Protection Agency’s (EPA) introduction of new, duplicative financial assurance requirements under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) that disregard serious flaws raised by industry experts and financial institutions.
In a process that has been continuously and needlessly rushed, EPA introduced its proposed rule, “Financial Responsibility Requirements under CERCLA Section 108(b) for Classes of Facilities in the Hardrock Mining Industry,” and offered a woefully inadequate 60-day comment period on an entirely brand new federal program, despite significant concerns voiced by states, Congress and industry, as well as repeated requests to thoughtfully consider the economic ramifications of the rule.
Full details at NMA website HERE.