Oak Bay Oil Tank History and Hazards!
Oak Bay residential homes and commercial buildings built before the 1960’s had furnaces fueled with oil stored in underground oil tanks. After 1957 the use of above ground oil tanks became more popular. Later natural gas replaced the older underground and above ground oil tanks. The older decommissioned underground oil tanks were sometimes drained, capped or filled with sand. Any remaining oil now poses a costly environmental hazard to Oak Bay home owners.
What does this mean for Oak Bay home owners and perspective home buyers?
Oak Bay home owners and perspective home buyers should be aware of the hidden hazards and liabilities. As Underground oil tanks breakdown overtime the remaining oil will leak out. This oil can cause environmental damage to the surrounding soil and water ways. This leaves home owners with the legal liabilities and costs for the tank removal and remediation of the effected areas.
Some lenders will not offer mortgages on Oak Bay homes with underground oil tanks. Only moving forward once the tank removal and remediation are complete.
What does Action Oil Tanks do?
Action Oil Tanks will perform a tank search to homes in Oak Bay to verify the presence of an oil tank. Upon finding the tank our trained technicians will explain the process for removal. We offer a free quote on our Oak Bay Oil Tank Removal and remediation services.
Contaminated soil is sent to soil remediation centres and not to landfills or used as fill!