Another reason why auto industry restructuring could be good for the environment:
On another front, in 2002 the EPA cited General Motors as one of the top 100 corporate air polluters. Again in March of 2006 the Political Economy Research Institute rated General Motors as the 20th worst polluter. GM's legacy is more than just the jobs and incomes it provided. It has become painfully clear that where Americans live and work, they have experienced the inexcusable consequences of toxic chemicals being quietly dumped into the earth, water and air by irresponsible corporations including GM.
A bankruptcy court filing lists eleven GM sites that are contaminated or have environmental compliance obligations. It has been estimated that GM’s environmental liabilities surpass $525 million. Some of this real estate is identified on the New York state’s registry of hazardous waste sites and on the superfund list of most contaminated sites. Who will Washington choose to pick up the financial tab for cleaning up GM’s toxic mess? Will it be the taxpayers?
Ya think?
BUMPED: Autoblog:
According to reports, when GM exited bankruptcy, its polluted factory and land sites were consumed by the Motor Liquidation, allowing the automaker to avoid the responsibility of cleaning up its mess, and state leaders fear there won't be any money to clean the locations. [snip] The affected areas are afraid they will have to pay for the clean ups or simply let the land go unused. The problem with that: those local governments don't have the money. And they can't expect a developer to spend millions to clean up an old mess. If not Motors Liquidation or GM, civic representatives want the government to foot the bill since the current administration orchestrated the deal.
"...the government" footing the bill is most likely you and me. Not a done deal though. Scanning documents related to the Chapter 11 hearing it looks like the judge wasn't willing to absolve GM from its responsibilities under CERCLA.
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