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| Introduction | 5 | |
| I. | Purpose and focus of the Position Paper | 9 |
| II. | Need to account for environmental costs and liabilities | 11 |
| III. | Scope | 12 |
| IV. | Definitions | 13 |
| V. | Recognition of environmental costs | 15 |
| VI. | Recognition of environmental liabilities | 18 |
| VII. | Recognition of recoveries | 20 |
| VIII. | Measurement of environmental liabilities | 21 |
| IX. | Disclosure | 24 |