EBA Online Seminar Series: The De Minimis Paradox
Tell a Friend About This EventTell a Friend
EBA Online Seminar Series: The De Minimis Paradox

 Export to Your Calendar 9/5/2019
When: Thursday, September 5, 2019
1:00 PM (Eastern)
Where: GoToWebinar
United States
Contact: Jess Palmer

« Go to Upcoming Event List  

Reminder: As a current EBA member, anyone at your bank or firm is eligible to sign up for this and future mailings through the website. Please invite them to join EBA, and contact us if you need the membership seat link, unique to your organization.



Join us for the EBA Online Seminar Series on Thursday, September 5, 2019 as we present a webinar:

The De Minimis Paradox

The oft’ maligned and misinterpreted concept of the “de minimis condition” is a critical finding in a Phase I environmental site assessment, one that can have far reaching consequences for banks and property owners.  As a corollary to the definition of a recognized environmental condition, it demands a professional opinion, yet is ultimately inconsequential to the bottom line of a report.  The All Appropriate Inquiry rule, crucial to protection from Superfund liability, considers de minimis  as “extremely small quantities” that need not be addressed.  However, the ASTM Standard Practice requires the Environmental Professional to discuss de minimis conditions as a finding, even though E1527 is the referenced means of satisfying all appropriate inquiries.  How should an Environmental Professional apply these paradoxical concepts to releases to the environment and provide written conclusions that may have serious financial and liability ramifications for buyers and lenders?  Should a User accept a de minimis condition  determination that eliminates a recognized environmental condition, but challenges their confidence in understanding environmental conditions on a property?

 

Sean Leary and Dave Vieau will present arguments for and against the application of “de minimis conditions.”

 

Register for Webinar (FREE)


 

About the presenters:

David Vieau, PG, CHMM, is President of Vieau Associates Inc., a Minneapolis-based environmental services firm specializing in commercial real estate due diligence and Brownfields remediation.  Mr. Vieau is a licensed professional Geologist and Certified Hazardous Materials Manager with expertise in regulatory and industry protocol for environmental site assessments and risk-based voluntary investigation and cleanup.  He was a co-founder of two prior successful consulting firms, has authored numerous technical papers and articles for conference proceedings and industry publications, and is a frequent invited speaker for a wide range of audiences.  He serves as an instructor of the ASTM environmental site assessment standards, having trained thousands of professionals nationally and internationally since 1994.  He has assisted in the enactment of legislation, provided expert testimony, and remains active on local and national professional and industry association initiatives.

 

 

 

Sean Leary is Executive Vice President and Due Diligence Group Manager of Vieau Associates Inc., a Twin Cities-based environmental consulting firm.  He is an Environmental Professional with 13 years of environmental due diligence and remediation consulting experience.  His educational background includes degrees in both environmental science and biology.  Mr. Leary also serves as an instructor for ASTM International, where he conducts training courses on Phase I and Phase II Standards to a diverse profile of industry professionals. Mr. Leary’s environmental due diligence experience is extensive, including completion, management, and review of thousands of environmental site assessments and hundreds of Phase II investigations spanning over 35 states.  He is proficient in risk-based site evaluation and has a demonstrated track record of securing liability assurances and regulatory approvals through State Voluntary Investigation and Cleanup and Brownfields Redevelopment programs.  Mr. Leary has also managed complex site investigations and remedial projects, including installation of vapor mitigation systems, underground storage tank removals, petroleum release investigation and cleanup, brownfield site investigation, cleanup, and redevelopment.

 

 

The call will be hosted by the EBA.

 

Register for Webinar (FREE)

 

Disclaimer for Environmental Bankers Association (EBA) Member Calls & Webinars

This disclaimer applies to any EBA member call or EBA hosted webinar, associated documents, information or opinions obtained from or ancillary to the Webinar. You are advised to read this disclaimer carefully before accessing, participating in, reading or making any other use of an EBA Webinar or member call. EBA makes no representations or warranties about the accuracy or suitability of information provided in the Webinars and related materials (such as hand-outs, presentation documents and recordings). The information contained in the Webinars and related materials are not intended to constitute advice of any kind or the rendering of consulting, or other professional services. Registering for a Webinar only constitutes an agreement to attend, not a contract for consultancy or advice.  Registration does not establish any contractual relationship with EBA. The opinions expressed in a Webinar are those of the author(s)/speaker(s) only, and may not necessarily represent the views of the EBA. To the extent permitted by law, EBA excludes any and all liability for any loss, claim or damage, cost or expense, including any indirect or consequential damages or lost profit, whether arising in negligence or otherwise, suffered in connection with the access to, participation in, or use of the Webinar by you or any other person.


By acceding to this service, you acknowledge that the information and materials contained in the Webinar may contain inaccuracies or errors. The content of the information provided in the Webinar is for your general information and use only. It is subject to change at any time and without notice. EBA reserves the right to review and revoke posting the recording of any Webinar or call.


Please share this announcement with others in your bank or firm! Also, if you would like to receive a membership package, please contact Lisa Kraus Gardner at: eba@envirobank.org.

This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.