SEC Will Improve Environmental Liability Tracking
The U.S. Securities and Exchange Commission will improve tracking of disclosure of corporate environmental costs through a searchable database at its website. The changes were prompted after the General Accountability Office found that the SEC does not systematically track environmental liabilities. Environmentalists and some investors have charged that many corporations do not fully disclose environmental liabilities, which could range from tens to hundreds of billions of dollars...Read More »
MBS Acquires Exclusive License to use EarthShell's Technology
EarthShell Corporation (OTCBB: ERTH), creators of environmentally-influenced food service packaging, has signed a licensing agreement with Meridian Business Solutions of Tiburon, Calif. MBS now has an exclusive license to manufacture and sell EarthShell plates, bowls, and trays in the United States. EarthShell will receive a technology fee of $2 million, plus royalties based on sales...Read More »
Spartech Wins St. Louis Recycling Award
Spartech Corporation (NYSE: SEH) has received the 2004 Recycling Award from the St. Louis Metropolitan Chapter of the National Association of Environmental Management, presented to the company that demonstrates excellence in improving the volume and diversification of its recycling program. Spartech has been a member of EPA's WasteWise program since 2001, and has won annual recognition for its solid waste and recycling accomplishments...Read More »
Waste Management Names Two New VPs
Waste Management Inc. (NYSE: WMI) has named Richard T. Felago Senior Vice President of Business Development and Corporate Strategy, and James E. Trevathan Senior Vice President of its Eastern Group. Felago will be responsible for leading the company's overall business development efforts and key corporate strategy initiatives, while Trevathan will be responsible for the company's operations serving much of the Northeastern and Mid-Atlantic United States...Read More »
PG&E Reports Loss Of Nuclear Fuel From 1960s
Pacific Gas & Electric of San Francisco, a unit of PG&E Corp. (NYSE: PCG) has reported that it has lost track of three pieces of spent nuclear fuel last used in the late 1960s. The nuclear fuel was from the now-closed Humboldt Bay nuclear plant near Eureka. The missing fuel in question weighs a total of four pounds. Company officials believe it is unlikely that anyone removed the material maliciously or by mistake. The most likely scenario is that the material was shipped off-site in a cleanup. The facility operated from 1963 to 1976, and no fuel has been shipped off-site since 1974...Read More »
Denver, Waste Management, CWM Agree To Fine
The city of Denver, Waste Management of Colorado Inc., and Chemical Waste Management Inc. have agreed pay a $265,000 fine for failing to clean up a Superfund site at the Lowry Landfill. The fine resolves a lawsuit brought by the Justice Department charging that the entities failed on several occasions to follow EPA orders to clean the site. Lowry is in unincorporated Arapahoe County near Denver, which owns the site. Waste Management operates the site, and Chemical Waste transported wastes to the site...Read More »
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