Showing posts with label Environmental Protection Agency. Show all posts
Showing posts with label Environmental Protection Agency. Show all posts

Monday, September 20, 2010

Monsanto (NYSE:MON) Spending $10 Billion to Shore Up Idaho Mine

Monsanto (NYSE:MON) has committed to spending another $10 million on its proposed phosphate mine in Idaho in order to increase the safety measures at the project.

The Bureau of Land Management has already approved the safety measures, but the U.S. Environmental Protection Agency said earlier in the year that the $25 million liner proposed to prevent the possibility of selenium reaching the nearby Blackfoot River wasn't satisfactory, saying it could possibly fail.

While the additional $10 million will be included in the final mining plan submitted by Monsanto, the Bureau of Land Management said they'll review the comments to see if the original plan actually needs to be changed.

After the final plan is submitted, a 30-day period to comment will be put in place.

The mine would be used to produce ingredients for Roundup weedkiller.

Friday, September 17, 2010

EPA Wants BP (NYSE:BP) Report on Steps it Took in Texas City

In relationship to the release of chemicals by BP (NYSE:BP) at their plant in Texas City, the Environmental Protection Agency they are in the middle of investigating the situation.

The EPA released a written statement saying they have requested BP to give them information on the steps they took in response to an incident that "resulted in the flaring of chemicals that could have reasonably resulted in a catastrophic release of a hazardous air pollutant."

Approximately 500,000 pounds of a variety of chemicals were released from the plant, with about 17,000 pounds of that being benzene, of which a lawsuit has been filed by those alleging they may have been affected by it.

EPA Regional Administrator Al Armendariz said, "It is important the EPA, state officials and public know what happened at the plant, and that BP is held accountable to prevent incidents like these from happening in the future."

BP has 30 days to provide the information the EPA requested.

Monday, September 13, 2010

EPA Tells Enbridge (NYSE:EEP) to End Leak by Noon Monday

The EPA has directed Enbridge Energy Partners (NYSE:EEP) that they have until Monday noon to stop the leaking oil from their pipeline in a Chicago suburb.

Terri Larson, a spokesman for Enbridge, said, "The leak site itself is contained but oil is continuing to drain out of the pipeline. As that oil drains out crews are cleaning it up."

Crews have been working day and night to clean up the draining oil.

The leak was discovered on Thursday in Romeoville, a Chicago suburb, and the pipeline the leak was coming from was shut down in response.

According to Terrance McGill, President of the Partnership, no new oil is "reaching the roadway, the nearby ditch or the retention pond."