BOSTON, Massachusetts — October 29, 2008 — For the third time this year, the U.S. Environmental Protection Agency has cited a Massachusetts waste hauler for exceeding the state’s five minute idling limit.
Waste Management Inc. will pay a penalty of $27,200…
Norfolk Southern Corporation continues to face the U.S. Department of Justice’s action regarding alleged violations of federal environmental laws due to a Jan. 6, 2005 derailment incident in Graniteville, S.C.
On April 24, 2008, the DOJ brought an action against…
Raytheon Company’s estimate of total environmental remediation costs expected to be incurred is US$159 million at Sept. 28, 2008, for its involvement in the investigation and cleanup of various sites.
The Company estimates the liability, discounted at a weighted- average risk-free…
Lockheed Martin Corporation is still conducting remediation activities under various consent decrees and orders relating to soil or groundwater contamination at certain sites of former operations, including sites in Burbank and Glendale, Calif. and Great Neck, N.Y.
Under an agreement related…
Norfolk Southern Corporation, at Sept. 30, 2008, recorded US$39 million for environmental liabilities related to 148 known locations.
At Sept. 30, 2008, 11 sites accounted for US$19 million of the liability, and no individual site was considered to be material.
At 30…
Mattel, Inc. is still facing litigation for allegedly failing to issue clear and reasonable warnings regarding potential exposures to lead and lead compounds from certain toys distributed for sale in California.
An action filed by the California Attorney General against the…
Union Pacific Corporation, at Sept. 30, 2008, has environmental liabilities of US$208 million, compared with US$204 million at Sept. 30, 2007.
During the nine months ended Sept. 30, 2008, the Company has accruals of US$34 million and made payments of…
Lockheed Martin Corporation, in September 2008, entered into a Consent Decree and Final Order resolving matters related to alleged violations of the Resource Conservation and Recovery Act in connection with a solvent collection system operated by BAE Systems Information and…
Crown Holdings, Inc., at Sept. 30, 2008, had certain indemnification agreements covering environmental remediation and other potential costs associated with properties sold or businesses divested.
The Company accrues for costs associated with such indemnifications and potential costs when it is probable…
Northern States Power Company, at Sept. 30, 2008, had an estimated liability of US$800,000 for remediation cost of certain sites. Of this amount, US$400,000 was considered as current liability.
The Company must pay all or a portion of the cost to…