Market Commentary and Intraday News
Steel mill polluted town as Romney firm profited
284 days ago
By JACK GILLUM
(AP:GEORGETOWN, S.C.) The rusty stains on Shirley Carter's home in Georgetown, S.C., are a permanent reminder of her fight with the local steel mill. No matter what she tried, the red tint on her property never seemed to go away.
In 1998, Carter and her neighbors sued Georgetown Steel, then owned by the company presidential candidate Mitt Romney co-founded, Bain Capital. They accused the mill's owners of leaving their historic Southern neighborhood looking like it had been hit by a "chemical bomb."
As a presidential candidate, Romney has pledged to roll back environmental regulations as a way to spur growth.
The story of Georgetown Steel shows how Romney's company thrived under conditions that largely allowed the emissions to continue, leaving locals to clean up the mess after Bain left town.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.