The Montana Environmental Trust Group, LLC (METG) is the court appointed Trustee of the Montana Environmental Custodial Trust (the Custodial Trust) that was created in 2009 as part of the global Asarco bankruptcy settlement. Its duties and obligations are described in the 2009 Consent Decree and Settlement Agreement Regarding the Montana Sites (the Montana Settlement Agreement), entered in US Bankruptcy Court for the Southern District of Texas (Corpus Christi Division). Under the Montana Settlement Agreement, the Custodial Trust is responsible for owning, funding, cleaning up, revitalizing and, ultimately, selling four former Asarco hazardous waste sites in Montana. The sites include: the largest former US lead smelting facility in East Helena; the Upper Blackfoot Mining Complex (UBMC)/Mike Horse Mine, including water treatment plant operations in Lincoln; the Black Pine Mine complex in Phillipsburg; and the Iron Mountain mining site in Superior. The United States and the State of Montana are the sole beneficiaries of the Custodial Trust.
A Unique Public-Private Environmental Trust
The Montana Environmental Custodial Trust is an independent, non-profit entity created to cleanup, restore and revitalize the hazardous waste sites once owned by Asarco in the state of Montana. As a private landowner, it is responsible for the management and stewardship of the Montana sites. As a fiduciary, whose sole beneficiaries are governmental entities, its purposes are aligned with the environmental missions and economic goals of the United States and the State of Montana. The Montana Environmental Custodial Trust is thus a unique private trust with a public purpose.
In fulfilling its responsibilities, the Custodial Trust recognizes and values the critical role of other stakeholders—communities, local governments, business interests and non-governmental organizations—who are often most impacted by the cleanup and revitalization of these sites. The Custodial Trust and its beneficiaries are committed to an enduring partnership with such stakeholders through honest, open dialogue and collaboration.