Industrial Toxins

New York, NY: (Feb-11-08) The US Environmental Protection Agency (EPA) brought charges against Solutia Inc., alleging that it was liable to compensate for costs incurred to clean a toxic industrial site in St. Louis. Records show that the EPA removed 55,000 tons of soil from the site that was contaminated with polychlorinated biphenyls and lead. The agency then sued several companies, including Solutia, for contributing to the pollution. St. Louis based Solutia, is a former subsidiary of Monsanto. Officials claimed that it transferred environmental contamination and personal-injury liability to Monsanto as part of its Chapter 11 plan. Sources close to the case stated that the parties had reached a settlement agreement, resolving the suit. As part of the deal, the company gave the government a $3.6 million unsecured claim to compensate for costs incurred to clean the toxic industrial site. [YAHOO: INDUSTRIAL TOXINS]

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Published on Feb-12-08