Costs of remediating underground storage tank leaks exceed benefits

The U.S. Environmental Protection Agency implemented a regulation requiring all underground storage tanks (USTs) in the U.S. to meet new specifications by December 1998.By the time the rule took effect, gas station owners had come a long way toward compliance. According to EPA`s Sept. 30, 1998, tally, 1,236,007 underground storage tanks had been closed by the time the rule took effect-a larger number than the 891,686 still active tanks that had been equipped to comply with EPA`s new requirements.Many tanks were found to have been leaking (leaking underground storage tanks are called LUSTs). EPA reports 371,387 confirmed releases from LUSTs. As of early this year, a total of 314,965 cleanu...

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