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Related: About this forumChemours throws DuPont under the bus, alleges company chose to discharge PFAS into the Cape Fear
Chemours throws DuPont under the bus, alleges company chose to discharge PFAS into the Cape Fear RiverSpinoff companys bombshell court filings say DuPont used cutthroat methods to dodge costs of cleaning up dangerous chemicals
DuPont could have permanently stopped discharging perfluorinated compounds PFAS from its Fayetteville Works plant into the Cape Fear River nine years ago, but decided against it in order to foist the liability onto a spinoff company, court documents allege.
The 64-page complaint, filed by Chemours against its former parent company, DuPont, lays out a series of stunning allegations, that if true, reveal the nefarious actions of a billion-dollar company determined to avoid financial and legal responsibility for environmental disasters.
DuPont allegedly underestimated to Chemours the true costs of its environmental cleanups. Instead, DuPont capped the costs at amounts far less than what Chemours had to pay. And an indemnity clause in the corporate documents purports to release DuPont from the legal and financial burden presumably forever.
DuPont orchestrated a spinoff of its Performance Chemicals unit into a new company, Chemours, as part of a plan to try to offload its historical environmental liabilities, the court documents read.
Read more: http://www.ncpolicywatch.com/2019/07/01/chemours-throws-dupont-under-the-bus-alleges-company-chose-to-discharge-pfas-into-the-cape-fear-river/
enough
(13,449 posts)AJT
(5,240 posts)When FDR messed with their money, they began engineering a coup
https://timeline.com/business-plot-overthrow-fdr-9a59a012c32a
Shortly before the committee hearings, in September of 1934, the newly formed American Liberty Leaguemade up of leaders and captains of industry opposed to the president fomenting class hatred and his handling of the Depressionreleased a statement. Among its members were the DuPonts, S.B. Colgate, Sewell Avery, John Raskob, Alfred P. Sloan, and former secretary of State Elihu Root. Butler noticed Robert Sterling Clarks name on the list, as well as Grayson M. P. Murphy, Gerald MacGuires boss.
FYI
Also implicated in the plot was Al Smith, former New York governor and 1928 Democratic presidential nominee, as well as Prescott Bush, a banker, future Connecticut senator, and father to George H. W. Bush and grandfather to George W. Bush.