Conifer Energy issues White Paper on MTBE

Sept. 19, 2004
Conifer Energy, a provider of insurance and risk management programs for the energy industry, has issued a white paper concerning the significant environmental impact relating to the gasoline additive MTBE. The white paper is titled: "MTBE... The Environmental Crisis of the Next Decade?"...

PEABODY, MA, Sept. 16, 2004 (BUSINESS WIRE) -- Conifer Energy, a provider of insurance and risk management programs for the energy industry, has issued a white paper concerning the significant environmental impact relating to the gasoline additive MTBE. The white paper is titled: "MTBE... The Environmental Crisis of the Next Decade?"

The United States is faced with sharply increasing numbers of groundwater contamination discoveries relating to MTBE. Methyl tertiary butyl ether (MTBE) is a chemical compound used almost exclusively as a fuel additive in motor gasoline. Since 1992, MTBE has been used in some gasoline to meet the requirements of the Clean Air Act passed by Congress. It is currently added to approximately 87% of the gasoline consumed by the United States. Environmental problems with the compound led the EPA to provide an advance notice of its intent to eliminate or limit its use as a fuel additive. While the use of MTBE has helped to reduce harmful air emissions, it also has caused widespread and serious contamination of the nation's drinking water supplies.

The potential cost to remediate the US water supplies is estimated at $29 billion. A number of major insurance carriers, until recently, did not include MTBE exclusions in their property or liability policies. While some insurance carriers have established additional reserves in recognition of the growing MTBE exposures, others have not. Therefore, Conifer believes that the potential for a financial disaster similar to that provided by asbestos still exists.

This entire white paper document can be requested from the Conifer Energy website homepage: www.coniferenergy.com

About Conifer
Conifer Energy is a division of Conifer Insurance Agency, Inc. Conifer is among the leading providers of risk management, insurance, employee benefits and investment services in the United States. The Company is a leader in providing comprehensive insurance programs to fuel oil dealers and has been instrumental in the development of insurance provider programs, from coverage forms to effective loss prevention programs. Conifer has developed strategic relationships with many insurance companies to provide Property and Excess Liability coverage for the Energy Industry. In addition, the Company has developed proprietary safety and loss prevention programs that are provided through Conifer's Safety and Loss Prevention unit.

###

Sponsored Recommendations

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track

Automated Fresh Water Treatment

March 15, 2024
SCADA, Automation and Control for Efficient and Compliant Operations

Digital Transformation Enables Smart Water

March 15, 2024
During this webinar we will discuss factors driving the transformation to digital water, water industry trends, followed by a summary of solutions (products & services) available...

Automation for Water Treatment and Distribution Systems

Jan. 31, 2024
Dependable, Flexible Control Solutions to Maximize Productivity