On several occassions I have mentioned Superfund in discussions on various topics. To my amazement almost no one has any idea what I am talking about. One person even administers their companies reserves that are kept to clean up several Superfund sites.
So, as a public service, here's a short brief on what the Superfund is.
Companies made things using toxic processes and polluted our country. The Superfund was set up in the 1980's to pay for clean up and and agency to oversee the clean up of those polluted sites. Approximately 70% of the funding for the cleanup efforts come from the companies who possess the liability, the remainder comes from general tax revenue.
It's very interesting to see the Superfund sites near you and I recommend you take a few minutes to check it out. LINK