« Ind. Decisions - No Indiana cases decided today by 7th Circuit, but a bankruptcy case of interest | Main | Ind. Decisions - "Seventh Circuit joins Sixth and Eleventh Circuits in rejecting applicability of FSA to pipeline cases" »
Wednesday, October 20, 2010
Environment - "The proposed settlement of the General Motors bankruptcy case filed today will provide more than $25 million in an environmental trust to clean up and redevelop eight Old GM manufacturing facilities in Indiana"
See Attorney General Zoeller's detailed news release here, including a list of the eight Indiana sites included in the settlement.
John Kell of the WS Journal has the story here. It begins:
The company that holds the scrapped assets of the former General Motors Corp. reached a $773 million deal Wednesday with the Justice Department that should lead to the cleanup of hazardous waste on properties in several states.Under the agreement, the old GM, formally known as Motors Liquidation Co., will pay more than $641.4 million in cash and contribute additional non-cash assets worth $120 million for the cleanup of 89 properties and sites, 59 of which are known to have been contaminated with hazardous substances or waste.
More than half of the cleanup funds will be provided for environmental response in New York and Michigan. In New York, the GM Superfund site in Saint Lawrence County will receive about $120.8 million in dedicated cleanup funds. In Michigan, which will have the largest number of properties in the trust, about $160 million is allocated to the cleanup of 36 properties, the Justice Department said.
Other properties are located in Delaware, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Missouri, New Jersey, Ohio, Pennsylvania, Virginia and Wisconsin.
Posted by Marcia Oddi on October 20, 2010 03:18 PM
Posted to Environment