S&P 500
1930.67
-39.40 -2.00%
Dow Indu
16563.30
-317.06 -1.88%
Nasdaq
4373.45
-89.45 -2.00%
Crude Oil
98.03
-0.14 -0.14%
Gold
1283.51
-11.72 -0.90%
Euro
1.338700
-0.001005 -0.08%
US Dollar
81.471
+0.011 +0.01%
Weak

Market Commentary and Intraday News

EPA settles with Goodrich over Calif. plant water

492 days ago

See the FX Turbo Trader Auto System in Action
(System Made $6,570* Net Gains in 90 Days!)

Tuesday, August 5th at 11:00am EDT join a Forex trading pro as he demonstrates how the FX Turbo Trader System could help you cut your losses short and let your profits run to create monumental net gains.
Click Here!

(AP:RIALTO, Calif.) The U.S. Environmental Protection Agency announced Tuesday that it has reached a settlement worth at least $21.5 million with aerospace supplier Goodrich Corp. that will require the company to clean up a Southern California industrial site where chemicals contaminated the water supply.

The settlement ends nine years of litigation over the 160-acre B.F. Goodrich Superfund Site in Rialto, which was used for decades by defense contractors and fireworks manufacturers, the EPA said in a statement. Goodrich used it from 1957 to 1962 to develop rocket fuel.

Under the settlement, Goodrich will install new wells for monitoring and testing groundwater at its own expense, then build and operate cleanup facilities with EPA oversight until the process is finished, which could take decades.

Goodrich will pay at least the first $21.5 million toward the cleanup, with contributions also coming from the Department of Defense and several companies that used the site to manufacture fireworks, fuel and munitions and were part of 2012 settlements, the statement said.

Similar sites have cost more than $40 million to clean up, and total costs could reach $100 million, the EPA said.

The cities of Rialto and Colton and San Bernardino County, which sued Goodrich in 2004, were also parties to the settlement.

Phone and email messages left after business hours for a Goodrich spokesman were not immediately returned.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.