30.06.2014 Views

LSI 2010 NRD Santa Fe final conference binder 072110.pdf

LSI 2010 NRD Santa Fe final conference binder 072110.pdf

LSI 2010 NRD Santa Fe final conference binder 072110.pdf

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Angus Macbeth of Sidley Austin LLP Speaker 24b: 23<br />

Site/Spill Date Settlement<br />

ConocoPhillips 12/5/05 Fund the acquisition of 73 acres<br />

Hatco Site 4/21/05 Land acquisition project: 34-acre parcel with<br />

wetland and upland habitat, land trust<br />

CONCLUSION<br />

The stakes are high in natural resource damage litigation and many of the cases brought by the<br />

Trustees have been, and are likely to continue to be, litigated in the courts. PRPs see that the<br />

government faces difficulties in demonstrating actual injury to natural resources and in proving<br />

causation and other elements of their claims.<br />

PRPs should develop a strategy early on for responding to a natural resource damage claim. The<br />

first step is to make a preliminary assessment of the strength of the Trustees’ case. If a viable<br />

claim appears to exist, PRPs may want to consider conducting the assessment themselves, but<br />

only on acceptable terms which allow the PRPs to co-manage the assessment process. PRPs may<br />

want to explore the use of such tools as cooperative assessments, Joint Assessment Teams, and<br />

integrated natural resource assessments and response actions.<br />

Once assessment is complete and the nature and scope of damages has been determined,<br />

settlement negotiations may be aided by the use of a neutral, particularly when federal trustees<br />

are involved. In considering settlement options, PRPs may be well-served by thinking outside the<br />

box. Increasingly, in-kind restoration, property transfers or conservation easements, restoration<br />

credits trading, and the use of innovative funding mechanisms are replacing simple monetary<br />

settlements for natural resource damages.<br />

DC1 1763595v.1<br />

23<br />

Law Seminars International | Natural Resource Damages | 07/16/10 in <strong>Santa</strong> <strong>Fe</strong>, NM

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!