Leaks or spills from storage tanks pose a significant concern to the environment because of the potential detrimental impact to a community’s drinking water. In an effort to prevent these issues, the Environmental Protection Agency (EPA) created a specific division in 1985 to implement regulatory directives at the state or local territory area.
Troutman Sanders’ Environmental and Natural Resources lawyers assist clients in managing exposure in the event of releases from under- and above-ground storage tanks. We have extensive experience with the regulatory, litigation and transactional matters related to the management, investigation and remediation of leaks and spills linked with petroleum-related products and refining. We regularly advise lenders contemplating loans for the purchase of petroleum-contaminated property and properties with operational storage tanks.