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Construction | Energy | Global Risk Management |
Health Care | Industrial | Real Estate |
Loss scenarios in the energy sector from environmental risk are highly publicized. Environmental risk affects a company’s bottom line by potentially triggering serious business interruption, financial penalties and negative publicity. MMA Environmental has a unique blend of customized solutions to manage risk and create opportunity through:
- identifying environmental permitting restrictions
- evaluating legacy environmental risk driven by historical operations and contaminated real estate that may or may not have been related to the company’s current operations
- quantifying and transferring environmental risk through pollution legal liability insurance or comparable financial mechanism and remediation liability transfer via fixed price contracts to third-party contractor
- providing strong litigation support
Risks
- M&A with poorly quantified environmental risk
- excess liability from known/unknown pollution conditions
- inadequate reserve
- requirements for legacy risks
- third-party legal action
- pollutant releases and costly cleanup
Solutions
- environmental risk assessment
- strategic environmental planning
- operational and legacy risk modeling and quantification
- portfolio liability wind down
- full service environmental
MMA Environmental In Action - Energy
Our client was concerned with long-term remediation liability associated with the sale of a large portfolio of petroleum distribution networks.
MMA Environmental provided:
- quantitative risk modeling of legacy environmental risks
- methodology to transfer remediation liability to viable purchasers and third-party contractors through placement of fixed-price contracts and specialized insurance products
- increased property value and marketability with environmental barriers removed
- services to eliminate environmental uncertainty, allowing the divestment within one year and the seller to be confident in their environmental exposure