This presentation was given at the DOE Office of Science-Environmental Management Science Program (EMSP) High-Level Waste Workshop held on January 19-20, 2005 at the Savannah River Site. The objectives of the report are to develop advanced electrochemical emission spectroscopic techniques for remote in situ corrosion monitoring in DOE Liquid Waste storage tanks; explore the mechanisms of the growth and breakdown of protective passive films on iron and carbon steel in aqueous solutions of relevance to liquid waste storage; explore the mechanism(s) of environment assisted fracture in high strength steel simulating weld heat affected zones in liquid waste storage tanks; explore the fundamental role of chloride ion in inducing passivity breakdown on metals and alloys; and develop deterministic methods for predicting the accumulation of localized corrosion damage to DOE Liquid Waste storage tanks over the corrosion evolutionary path.