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GM Gets To Dump Its Polluted Sites

Posted by Soulskill on from the too-big-to-clean dept.

ParticleGirl writes with this excerpt from the Detroit Free Press: "GM's unusual, government-engineered bankruptcy allowed the Detroit automaker to emerge as a new company — and to shed billions in liabilities, including claims that governments had against GM for polluting. Environmental liabilities estimated at $530 million were left with the old GM, which has only $1.2 billion to wind down. Administrative fees and other claims will soak up that money, and state and local officials told the Free Press they fear the cleanups will be shortchanged. ... The New York Attorney General's Office, seeking to protect environmental claims for cleanup at Massena and other sites, argued that federal and state regulatory requirements should not be eliminated by a bankruptcy sale. ... But [US Bankruptcy Judge Robert Gerber] ruled otherwise."

6 of 336 comments (clear)

  1. Re:The road to hell... by FooAtWFU · · Score: 4, Funny

    The road to hell is paved with good intentions

    If you look it up, that's actually a shovel-ready infrastructure project that's part of the stimulus package!!

    --
    The World Wide Web is dying. Soon, we shall have only the Internet.
  2. Re:Both GM and Chrysler were handle poorly by Anonymous Coward · · Score: 1, Funny

    I am so glad someone points out the annoying mixing up of "lose" and "loose".

    So people know the difference, it is like dropping the soap in a prison shower. You LOSE your anal virginity and your sphincter become LOOSE like you wouldn't believe it. That beats what happens if you mix up the placement...

    *neat, captcha is "wicked"...

  3. Re:Here is a Reason Why the Free Market Works Best by Daniel+Dvorkin · · Score: 2, Funny

    Barack Hussein

    Thanks for letting me know when I could stop reading your post.

    Presumably GPP thinks John Sidney McCain III would have done better. ;)

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    The correlation between ignorance of statistics and using "correlation is not causation" as an argument is close to 1.
  4. Polluted Sites? by Anonymous Coward · · Score: 1, Funny

    And I thought at reading the headline "GM Gets To Dump Its Polluted Sites" that their web servers are compromised beyond repair ...

  5. Re:The road to hell... by Mr.+Arbusto · · Score: 2, Funny

    What you say reminded me of a product poster at Depair

    http://despair.com/government.html

  6. Re:Both GM and Chrysler were handle poorly by The+Grim+Reefer2 · · Score: 2, Funny

    The jobs saved are easily identifiable and politically connected, while the compensating jobs lost are not. The vast majority of the jobs saved will probably be lost in a few years, so the net is a huge loss.

    It's OK, as long at the jobs are lost after the next election, that is the important thing. [/sarcasm]