Echo
Salvaging Insolvency: GM bankruptcy could shortchange pollution cleanups
|
By Jeff Gillies, Kimberly Hirai and Shawntina Phillips
Jan. 19, 2010
Editors note: This is part one of a three-day series on the environmental implications of GM’s bankruptcy. The money set aside to clean up pollution at 120 sites a bankrupt General Motors left across the country may be enough to address the sites in only two states, according to court records. And that estimate ignores dozens more sites across the country that GM polluted, but either gave away or never owned — sites even less likely to get any cleanup money through the bankruptcy. GM entered a government — engineered bankruptcy aiming to emerge as a new, leaner company with fewer factories, dealerships and employees.