LITTLE
ROCK, Ark. , Sept. 24,
2024 /PRNewswire/ -- Montrose Environmental Group,
Inc. ("Montrose" or "the Company")
(NYSE: MEG), a high-growth global environmental solutions company,
today shared insight into its brownfields and community
revitalization work with Alaska Native Corporations (ANCs).
The Alaska Native Claims Settlement Act (ANCSA) of 1971 included
the transfer of 44 million acres of land to twelve regions and over
200 village ANCs. Some of these areas have been contaminated due to
past activities like fuel storage, power generation, natural
resource extraction, and were Formerly Used Defense Sites (FUDs).
Currently, 1,278 sites are listed in the Contaminated ANCSA Lands
Inventory, showing documented or potential contamination. In 2023,
the United States Congress appropriated $20
million to the United States Environmental Protection Agency
(EPA) to establish and implement the Contaminated ANCSA Lands
Assistance Program to address legacy contamination issues. The
grants fund site assessment, remediation and community
engagement.
Montrose has partnered with
ANCs to help navigate the grant application and implementation
process, securing and effectively utilizing funding to support
assessment and cleanup solutions. Throughout 2023 and 2024,
Montrose assisted ANCs with
securing and/or implementing $8
million of EPA Brownfield and Contaminated ANCSA Land
Grants. Key components across all the projects
included:
- Leveraging Montrose's suite of
services, including consulting and engineering, lab testing,
treatment technologies and emergency preparedness; and
- Innovative "Conventional and Advanced Site Investigation and
Remediation" (CASIR) technologies.
"Our work with Native and Indigenous communities is core to our
values at Montrose," said Vijay
Manthripragada, president and chief executive officer of
Montrose Environmental Group. "We assisted our clients with
delivering critical funding to their communities to address
environmental issues. This will simultaneously restore tribal lands
while providing new jobs, quality affordable housing and enhanced
infrastructure and community services. Our work leveraged CASIR
technologies to deliver transformative results in vulnerable
communities."
A key project included assisting Cook Inlet Region, Inc. (CIRI),
and Tyonek Native Corporation, Inc. (TNC) with a successful grant
application for $3 million of EPA
funding to support the restoration and reuse of the Iniskin
Peninsula.
Key outcomes of the project include:
- Restoration of impacted areas for enhanced cultural,
subsistence and recreational use;
- Reuse plans that include renewable energy, resource extraction
and travel and tourism; and
- Economic benefits for Alaska Natives and the regional
economy.
Montrose continues to support
ANCs with grant opportunities and the implementation of funding to
revitalize brownfields and communities, including securing funding
from EPA's new $2 billion grant
program to support the removal of solid and hazardous wastes while
delivering nature-based restoration solutions.
About Montrose
Montrose is a leading
environmental solutions company focused on supporting commercial
and government organizations as they deal with the challenges of
today and prepare for what's coming tomorrow. With ~3400 employees
across 100+ locations worldwide, Montrose combines deep local knowledge with an
integrated approach to design, engineering, and operations,
enabling Montrose to respond
effectively and efficiently to the unique requirements of each
project. From comprehensive air measurement and laboratory services
to regulatory compliance, emergency response, permitting,
engineering, and remediation, Montrose delivers innovative and practical
solutions that keep its clients on top of their immediate needs –
and well ahead of the strategic curve. For more information, visit
www.montrose-env.com.
Forward‐Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements may be identified by the use of
words such as "intend," "expect", and "may", and other similar
expressions that predict or indicate future events or that are not
statements of historical matters. Forward-looking statements are
based on current information available at the time the statements
are made and on management's reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company's control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. Additional factors or events that could
cause actual results to differ may also emerge from time to time,
and it is not possible for the Company to predict all of them.
Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update any
forward-looking statement to reflect future events, developments or
otherwise, except as may be required by applicable law. Investors
are referred to the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2023, for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
Contacts
Montrose
Investor Relations:
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com
Media Relations:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com
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SOURCE Montrose Environmental Group, Inc.
