Regulating PFAS in the U.S. Without Stifling Innovation
Forbes Breaking NewsJanuary 5, 20265 min990 views
13 connectionsΒ·18 entities in this videoβProtecting Public Health and the Environment
- π― Dr. Miller-Meeks emphasizes the need to protect public health and the environment while ensuring federal policies are fair, clear, and feasible for entities like those in Iowa.
- π§ Clean water is crucial for Iowa's farmers, rural communities, drinking water systems, local employers, and families.
PFAS Liability Concerns
- βοΈ Entities like water utilities, wastewater facilities, landfills, and farmers, who did not create PFAS, could face retroactive, strict, joint and several liability.
- π° The current liability scheme incentivizes litigation over cleanup, with parties potentially spending more on lawyers and consultants than on addressing contamination.
- β³ Even small parties can face years of litigation, incurring huge costs, with their ultimate liability share being tiny.
Encouraging Innovation and Solutions
- π± Iowa agriculture is developing promising alternatives to PFAS, such as soy-based fire suppressants, reducing reliance on legacy chemicals and strengthening the economy.
- π‘ The focus should be on swift remediation and liability certainty to encourage American industry to invest in solutions rather than endless courtroom battles.
Impact on Real Estate and Redevelopment
- ποΈ The PFAS designation creates uncertainty for phase one environmental due diligence, financing, and insurance for commercial real estate projects.
- π Market investors dislike uncertainty, which can hinder brownfield redevelopment, housing construction, and job creation.
- π Brownfield sites are best cleaned up at the state level to achieve closure without the fear of unlimited circular liability.
Limitations of EPA Guidance
- π« EPA's enforcement discretion guidance does not provide real certainty for passive or public service entities because it only applies to the agency, not to other potentially responsible parties.
- ποΈ Congressional action is necessary to protect these entities from third-party lawsuits and provide genuine certainty.
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18 entities
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Transcript22 segments
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Whatβs Discussed
PFASPublic HealthEnvironmental ProtectionIowaLiabilityCircular LiabilityLitigationCleanupInnovationAmerican IndustryAgricultureSoy-based Fire SuppressantsBrownfield RedevelopmentEnvironmental Due DiligenceEPA Guidance
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