Echo
Salvaging Insolvency: Sites GM helped pollute no longer get cleanup dollars from the bankrupt automaker
|
By Kimberly Hirai and Jeff Gillies
Jan. 20, 2010
Editors note: This is part two of a three-day series on the environmental implications of GM’s bankruptcy. The bankrupt shell of General Motors could dodge environmental cleanup costs for dozens of properties that the automaker polluted but doesn’t own. Motors Liquidation Co. — the bundle of old GM debt and real estate that the automaker abandoned though bankruptcy — will clean up polluted property it inherited from GM with part of a $1.17 billion loan from the U.S. and Canadian governments.