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Gold/Mining/Energy : Methanex (MEOHF)
MEOH 40.19+0.1%Dec 26 9:30 AM EST

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To: RBMac who wrote (193)10/26/1999 3:09:00 PM
From: RBMac  Read Replies (1) of 213
 
Methanex Corporation - In the News

NP says Methanex in new fight over additive ban

Methanex Corporation MX
Shares issued 173,136,748 Oct 25 close $4.08
Tue 26 Oct 99 In the News
The National Post reports in its Tuesday, Oct. 26, edition that Methanex is
pulling out all the stops in a bid to force California to back down from
banning a controversial gasoline additive that is the backbone of the
struggling manufacturer. The National Post's Peter Morton writes that after
launching an unprecedented lawsuit for nearly $1-billion (U.S.) against the
United States government, Methanex has filed the first complaint from a
company with the NAFTA environmental commission. It claims California has
failed to enforce its own environmental laws by allowing gasoline to leak
from many of the state's 15,675 underground storage tanks. The additive,
methyl tertiary butyl ether or MTBE, is made from methanol. It is suspected
of causing cancer and other health problems if it gets into drinking water.
Methanex disputes this.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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