[CPEO-BIF] GM, Chrysler, BP

[Lenny Siegel <lsiegel@cpeo.org>]

Why the GM and Chrysler Bankruptcies Foreshadow Big Problems for the 
Gulf Cleanup

Christopher Weber
Huffington Post
July 16, 2010
		

After BP's financial travails -- falling stock, mounting claims -- 
financial analysts everywhere are uttering the dreaded B word. 
Incredibly, it seems that an energy company recently valued at $200 
billion could go bankrupt.

As BP executives reiterate pledges to pick up the tab for stained 
beaches and soiled pelicans, another messy industrial cleanup is 
unfolding a thousand miles to the north, in the Midwest's 
auto-manufacturing belt. General Motors and Chrysler are the chief 
culprits there. The automakers own hundreds of contaminated properties 
where they once made cars and car parts.

Like so many oil-stained communities along the Gulf, former auto towns 
throughout the Midwest are waiting for a thorough going environmental 
cleanup. And like the Gulf communities, they hope that cleanup will help 
bring about a full economic recovery. Some have been waiting for years, 
even decades, for GM and Chrysler to finish the job.

...

For the entire column, see
http://www.huffingtonpost.com/christopher-weber/why-the-gm-and-chrysler-b_b_648414.html


--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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