Citytown officials know that they have an abandoned factory site that has been identified for cleanup under CERCLA. When city of

Question

3 years ago

5

Citytown officials know that they have an abandoned factory site that has been identified for cleanup under CERCLA. When city of

ficials tried to trace the ownership of the property, they found several shell corporations but can’t determine which individual or corporate entity actually owns the property. What is a likely outcome of this situation?

Social Studies

1 answer:

lisov135 [29] · Answer 1 · 2022-07-14T05:10:05+03:00

Answer:

<em>CERCLA set up a trust fund to fund both cleanup and enforcement actions. Sometimes, the fund is called the Superfund.</em>

Explanation:

<em>On December 11, 1980, Congress passed the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as Superfund.</em>

The law passed a tax on both the chemicals and petroleum industries which established wide Federal power to respond directly to leaks or potential releases of hazardous materials that could threaten public health or the atmosphere.

$1.6 billion was collected over five years, and also the tax went to a trust fund to clean up hazardous waste sites that had been neglected or unregulated.