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Strategies & Market Trends : CXI-Commodore Environmental

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To: KewlHand who wrote (1342)	11/24/1998 5:36:00 PM
From: NicktheGreek	Read Replies (1) of 1755

GM News by: GetVeryRich (45/M/Ithaca, NY) 2200 of 2201 Hello Everyone! Please see the following Company News Release from General Motors. Almost $28 Million in Cleanup Money!! I hope someone at CXI will follow through and get this one for the Gipper!!!! Company Press Release SOURCE: U.S. Fish and Wildlife Service General Motors Agrees to Spend $28 Million to Restore, Protect Saginaw River and Bay Settlement Agreement Calls for Cleanup of PCB-Contaminated River FORT SNELLING, Minn., Nov. 24 /PRNewswire/ -- The Department of Justice and the Interior Department U.S. Fish and Wildlife Service announced today that General Motors (NYSE: GM - news) will spend over $28 million to restore and protect the Saginaw River and Bay area. The Saginaw River and Bay are contaminated by PCBs (polychlorinated biphenyls) and related compounds that the federal government alleges have been released from General Motors facilities since the early 1970's, as well as by contaminants released from wastewater treatment plants in Bay City and Saginaw. ''Today's settlement is good news for the people of Michigan and for all Americans who care about the quality of our environment,'' said Lois J. Schiffer, Assistant Attorney General for the Justice Department's Environment and Natural Resources Division. ''Under the settlement, General Motors is required to finance a major cleanup of PCBs from the Saginaw River and Bay. That means a cleaner and healthier environment for people who live in and around the region.'' See more of this news in Yahoo! under the GM stock symbol. --------------------------------------------------------------------------------

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