Dow Chemical Gets Minor Wrist Slap
Dow Chemical owes the State of Michigan $1.8 million for some dioxin cleanup and related paperwork.
So? The company had 3rd quarter revenues, in a down economy, of more than $15.4 billion.
Hard to tell which is the greater outrage: the toxic pollution, or that the company gets away with a bill, as if that was a big deal.
I see something of a trend - - companies like Dow and Enbridge wreck the environment and get the equivalent of a speeding ticket.
And if not for pressure from environmentalists, the companies would make a clean getaway, so to speak.
1 comment:
A 72-page document stamped with a Nov. 7, 2008, date outlines the $1.8 million in detail, much like a lawyer's bill.
The $1.8 million bill includes $379,093 in regional payroll costs, $32,642 in regional travel costs, about $700,000 for work done by contractors and $711,146 for "indirect costs."
Hans said the EPA isn't billing Dow for regulatory services, like those covered under its operating license.
This Bill is above what is normal billing.
As you stated this is a "bill", not a fine.
Robert McCann, a DEQ spokesman, said he's not aware of any bills his agency has sent.
So possible more billing will be taking place?
At the Jan. 15 meeting, EPA and DEQ officials will discuss involving the public in the cleanup process, a topic that's complicated by a confidentiality agreement between regulators and the company.
Now the previous billing gets us to this point of clean up.Where fines will and should be imposed.
The 1.8 million bill v. the 15.41 billion in REVENUE.
- Earnings reached $428 million from $403 million in the year-earlier period.
- Revenue rose to $15.41 billion from $13.59 billion a year ago.
There is a differance between EARNINGS and REVENUE.
EARNINGS are:
the balance of revenue after deduction of costs and expenses..
DO NOT READ ANYMORE INTO THAT THAN I POSTED....LOL...Its just for your information and others. The differance between the two.
Post a Comment