Why is ISRI SREA Important?
Because under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), when an initial polluter is unable to pay the clean-up costs of their pollution, the government can seek clean-up costs from firms that were deemed to have contributed to that pollution. This includes recyclers.
However, the Superfund Recycling Equity Act (SREA) gave recyclers and exemption to these clean-up costs if they can show they took reasonable care to determine the environmental compliance status, as it applies to the recyclable material, of the facility to which the recyclable material was sent?
How does SREA Protect You?
By helping you get the reasonable care due diligence you are required to get under the SREA protective shield. Taking reasonable care will help protect your business from Superfund liability. Without it, or similar due diligence, you will not be protected from liability.