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DuPont Stuck With Big Teflon Fine
Key Excerpts from Article on Website of CBS/Associated Press
Posted: November 11th, 2006
http://www.cbsnews.com/stories/2005/12/14/business/main11245...
DuPont Co. has agreed to pay $10.25 million in fines and $6.25 million for environmental projects in a settlement with the Environmental Protection Agency over the company's alleged failure to report the dangers of a toxic chemical used to make Teflon. EPA officials said the settlement represents the largest civil administrative penalty the agency has ever obtained under any federal environmental statute. The EPA alleged that DuPont withheld information for more than 20 years about the health effects of PFOA. DuPont faced a potential fine of more than $300 million for not reporting that the chemical posed a substantial risk of injury to health or the environment. "The settlement allows us to put this matter behind us and move forward," said [DuPont general counsel Stacey] Mobley, who noted that the company has cut PFOA emissions from U.S. plant sites by 98 percent and hopes to reduce emissions even further by 2007. DuPont...still faces a federal criminal investigation of its actions concerning PFOA. In a draft report released in June, the majority of members on a scientific advisory board that reviewed the EPA's draft risk assessment concluded that the chemical is "likely" to be carcinogenic to humans.
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