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Environmental Liability Transfer Complete Removal of Environmental Liability through Environmental Liability Transfer (ELT) WESTON specializes in taking on risks from remediation, regulatory uncertainty, and redevelopment to completely remove environmental liability and allow property sale, in as little as 7 months from negotiation to closure. Our ELT services include accepting responsibility for known and unknown site contamination, and our work ends when No Further Action (NFA) letters are issued or the insurance term expires, whichever is later. Typically, we can save out-of-pocket costs for our clients by incorporating remaining investigation into remediation. We purchase properties outright or through a jointly held entity comprising WESTON, a public partner, and an equity or developer partner. We can also identify a specific end-user and/or developer to participate at an early stage. Our process involves risk quantification—evaluating long-term O&M, risk-based remedial alternatives, regulatory, political, and public sensitivities, and legal implications, both natural resource damages (NRDs) and toxic tort. Peer review is also performed to evaluate technical efficiency, likelihood of regulatory approval, and insurability, which eliminates additional contingencies and minimizes program cost and risk. Our 50-year history and financial strength, plus competed finite insurance programs, trusts and bonds, and gap analyses performed by third-party legal or broker claims consultants protect our clients. Our ELT services resolve enforcement actions, litigations, and third-party claims, stem investigation expenses, provide remediation work at a guaranteed cost, and enhance facility and property value. Benefits of WESTON’s ELT Services:
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