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Compliance and Enforcement Annual Results:
FY2007 Important Environmental Problems/National Priorities Priority: Financial Assurance
FY2007 Annual Results Topics
Annual Results for
National Enforcement Priorities
On this page:
Problem:
Financial assurance requirements in federal law ensure an operator has adequate funds to address the closure of facilities that handle hazardous wastes, hazardous substances, toxic materials, or other pollutants. The funds provide funding for clean up so that solvents, dioxins, oils, heavy metals, polychlorinated biphenyls (PCBs), and other dangerous pollutants do not contaminate soil, groundwater, surface water, or the air. When the facility operator does not have the funds, the financial burden for cleaning up hazardous waste sites often falls to the community.
EPA’s Financial Assurance Priority seeks to ensure facilities are in full compliance with the financial responsibility requirements. Without EPA financial assurance, local communities would pay for the cost of expensive hazardous waste clean-up through state and federal tax bills.
Key Results:
| Fiscal Year | Pollutants Reduced (lbs) |
Investments in Pollution Control ($) |
Civil Penalties ($) |
|---|---|---|---|
| FY 2006 | N/A* | N/A* | N/A* |
| FY 2007 | 200,000 | $60,000,000 | $308,000 |
| FY 2006-2007 | 200,000 | $60,000,000 | $308,000 |
*FY 2005 Annual Results Data Not Available
Highlights:
- OECA’s national enforcement priority for financial assurance examined the compliance status, issues and enforcement efforts related to financial responsibility provisions. Partnering with the States, OECA first focused on reviewing and gathering information on financial responsibility obligations and compliance at hundreds of sites and facilities. These sites and facilities have a total financial responsibility obligation of approximately 6.5 billion dollars.
Annual Results by Fiscal Year:
FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | FY2000 | FY1999