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People & Business :: Corporate Social Responsibility

Grace to Pay Record $250 Million Fine for Asbestos Cleanup

10:29 AM MDT | March 18, 2008 | Kara Sissell

W.R. Grace will pay $250 million to reimburse the U.S. federal government for cleanup of asbestos contamination at Grace’s former Libby, MT vermiculite mine, according to a deal finalized last week with EPA and the Department of Justice (DOJ). The settlement is the highest in the history of the Superfund program, EPA says. The agreement does not resolve a criminal case brought by EPA against seven Grace executives, which alleges they knowingly suppressed internal studies on potential adverse health effects related to asbestos exposure at the Libby site. EPA...

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