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LSI 2010 NRD Santa Fe final conference binder 072110.pdf

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Ken L. Frank of Chevron Environmental Management Company Speaker 14: 7<br />

Focus actions and goals on restoration of lost natural<br />

resources<br />

<strong>NRD</strong> Actions should focus on restoration of the lost<br />

ecological services.<br />

This can be done by<br />

– Active restoration<br />

– Natural recovery<br />

– Replacement and/or<br />

– Acquisition of equivalent resources<br />

© <strong>2010</strong> Chevron<br />

13<br />

Benefit stakeholders by cost-effective, reasonable and<br />

prompt actions<br />

Natural resource restoration, replacement or acquisition<br />

actions must be:<br />

– cost-effective<br />

– cost- reasonable<br />

– prompt, and<br />

– consistent with the selected clean up remedy<br />

© <strong>2010</strong> Chevron<br />

14<br />

Law Seminars International | Natural Resource Damages | 07/15/10 in <strong>Santa</strong> <strong>Fe</strong>, NM

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