Pursuit's Take
Data quality deficiencies and a lack of internal controls prevent the EPA from properly overseeing and managing its financial assurance program for the Resource Conservation and Recovery Act (RCRA) and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). For these programs, EPA data for corporate self-insurance show:
- The estimated total cost is $9.1 billion.
- An estimated $577 million is expired.
- More than $6 billion is insufficient or not documented as being provided to the EPA.
Furthermore, the EPA has not disclosed this area of vulnerability in its Federal Managers’ Financial Integrity Act report in the past 5 years. Report.