Question

City Town officials know that they have an abandoned factory site that has been identified for cleanup under CERCLA. When city officials 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?

Answer 1

Answer:

The answer is - CERCLA established a trust fund to finance both cleanup and enforcement actions. This fund is sometimes called the Superfund.

Explanation:

CERCLA is Comprehensive Environmental Response Compensation and Liability Act and it can also be called the Superfund. This act was passed in 1980 due to the intolerable hazardous waste practices and management that were ongoing in the 1970s. The goal of the CERCLA is to protect human health and the environment by  preventing environmental contamination and ensuring the cleanup when it occurs.