4 March 2013
In May 2012, the New Jersey Department of Environmental Protection’s (NJDEP) newly overhauled Site Remediation Program took final effect. NJDEP has proclaimed that this revamped program established a “new paradigm” in New Jersey’s site remediation regulatory landscape. New federal legislation is brewing, however, that could pre-empt certain aspects of these new regulations. It could also impose onerous financial burdens on industry and impact business growth and profitability by restricting a company’s use of its operating and investment capital.