Dec 27, 2010

GE to pay 500 mln dollars for New York river cleanup

General Electric said Thursday it will soon complete a 500-million-dollar toxic waste cleanup project in New York's Hudson river to settle a decades-old battle with US environmental authorities.

The giant industrial conglomerate said it had informed the US (EPA) that it will complete the second and final phase of the Hudson riverbed dredging project in late Spring 2011.

The battle goes back to the late 1970s, GE and the EPA argued over the extent of the cleanup and GE's responsibility. Read full at  Physorg