ABB LTD: Records $26MM Cash Expenses for Envt’l. Matters in 2010

ABB Ltd recorded cash expenditures of US$26 million in 2010, compared with US$298 million in 2009.

The Company is involved in the remediation of environmental contamination at present or former facilities, primarily in the United States. The clean up of these…

ABB LTD: Involved in Envt’l. Matters over Nuclear Tech. Ventures

ABB Ltd continues to be involved in environmental contingencies related to its former Nuclear Technology business.

The Company retained liabilities for certain specific environmental remediation costs at two sites in the United States that were operated by its former subsidiary, ABB…