clean up

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CINCINNATI -- Fluor Corporation (NYSE: FLR) announced that Fluor Fernald, the contractor responsible for the environmental cleanup and restoration of the 1,050-acre former Fernald uranium production plant, presented the United States Department of Energy (DOE) with its declaration of physical completion on October 29, 2006.
Cleanup efforts have failed to keep pace with this toxic accumulation, in part because many physical and chemical properties of groundwater and aquifers--major influences on the success of cleanup strategies -- remain poorly understood.
The expedited cleanup process at the Flats is a function of regulatory shortcuts and financial incentives.
In 2001, when GAO reported on the cleanup of the Department of Energy's (DOE) Rocky Flats site, a former nuclear weapons production facility, the cleanup was behind schedule and over cost.
The Supreme Court of California issued an opinion on August 29 in Powerine II, supporting policyholder efforts to recover costs of complying with pollution cleanup and abatement orders issued by administrative agencies--costs that the state Supreme Court previously held were not covered under standard comprehensive general-liability insurance policies absent the filing of a formal suit.
Time is the biggest issue with a Brownfield Cleanup Agreement," says Marc Godick, of AKRF, an environmental consulting firm that's directing two of the biggest brownfield projects being implemented in New York City: the AvalonBay Communities residential development at Queens West and the Muss mixed-use development on the Flushing waterfront.
Cleanup starts with enforcement at the local level.
spokeswoman Blythe Jameson said the company will continue to cooperate with regulatory agencies that oversee the site cleanup.
Applying FAS 5, legally enforceable obligations for environmental cleanup need not be disclosed, so long as legal action is neither pending nor considered probable.
This means that no further on-site cleanup (which often resembles construction or actually involves construction of containment facilities) is necessary, all immediate threats have been eliminated, and all long-term threats are under control.
It also provides brownfield owners with property tax relief for cleanup, along with well-defined rules for cleanup and provides more flexibility for communities to designate improvement areas.