Environmental Response Trusts: Surrogate for Federal and State Regulators?
Acoel
APRIL 14, 2022
A common result of corporate bankruptcies is the creation of environmental response trusts or “ERTs”. ERTs are created to address environmental issues for which the bankrupt company has responsibility. One such ERT, RACER (for Revitalizing Auto Communities Environmental Response) was born out of the General Motors Corp.
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