|From:||Lenny Siegel <email@example.com>|
|Date:||Fri, 3 Sep 2010 12:48:44 -0700 (PDT)|
|Subject:||[CPEO-BIF] GM, Chrysler, BP|
Why the GM and Chrysler Bankruptcies Foreshadow Big Problems for the
Christopher Weber Huffington Post July 16, 2010After BP's financial travails -- falling stock, mounting claims -- financial analysts everywhere are uttering the dreaded B word. Incredibly, it seems that an energy company recently valued at $200 billion could go bankrupt.
As BP executives reiterate pledges to pick up the tab for stained beaches and soiled pelicans, another messy industrial cleanup is unfolding a thousand miles to the north, in the Midwest's auto-manufacturing belt. General Motors and Chrysler are the chief culprits there. The automakers own hundreds of contaminated properties where they once made cars and car parts.
Like so many oil-stained communities along the Gulf, former auto towns throughout the Midwest are waiting for a thorough going environmental cleanup. And like the Gulf communities, they hope that cleanup will help bring about a full economic recovery. Some have been waiting for years, even decades, for GM and Chrysler to finish the job.
... For the entire column, see http://www.huffingtonpost.com/christopher-weber/why-the-gm-and-chrysler-b_b_648414.html -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
Prev by Date: [CPEO-BIF] CTS sues developer at Asheville (North Carolina) site|
Next by Date: [CPEO-BIF] Mountain View vapor intrusion plan
Prev by Thread: [CPEO-BIF] CTS sues developer at Asheville (North Carolina) site|
Next by Thread: [CPEO-BIF] Mountain View vapor intrusion plan