The Benefits of Voluntary Disclosure
By Margaret Halasnik
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Discover. Disclose. Correct. Prevent recurrence. These are the key words in the U.S. Environmental Protection Agency (EPA) Audit Policy. The EPA is currently testing a number of tailored incentives that apply to new owners of regulated companies who identify, voluntarily disclose, and promptly correct environmental violations.
These incentives were described in the “Interim Approach to Applying the Audit Policy to New Owners” (Interim Approach, Federal Register Vol. 73, 44991, August 1, 2008). The incentives include reduction or elimination of fines and potential criminal prosecution and recognition of new owners who perform internal audits and disclose under the Audit Policy.
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Industry Profiles
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Rick Booth National Leader for Finance, Insurance, Real Estate, and Legal Market Sector, Golder Associates Inc. St. Louis, Mo. |
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Count On It
 28 percent approximate amount of all energy used in the Unites States for transporting people and goods from one place to another.
Source U.S. Department of Energy
 200-300 estimated number of hydrogen-fueled vehicles in the United States today
Source U.S. Department of Energy
 9,783,000 number of barrels of crude oil the United States imports each day.
Source U.S. Department of Energy
 1 million number of gallons of fresh water that can be contaminated from the used oil from one oil change.
Source U.S. Environmental Protection Agency
 20 million number of people that celebrated the first Earth Day on Aril 22, 1970.
Source U.S. Environmental Protection Agency
 $2.3 billion amount President Obama awarded for clean energy manufacturing projects across the United States
Source U.S. Department of Energy
 509 approximate number of operational landfill gas (LFG) energy projects currently in the United States. LFG electricity generation projects provide the energy equivalent of powering more than 920,000 homes annually
Source U.S. Environmental Protection Agency
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