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GAO Says Underground Tank Cleanup to Cost $12 Billion

12:37 PM MDT | August 6, 2007 | Kara Sissell

The cleanup of petroleum and petrochemical products leaking from underground storage tanks would cost at least $12 billion nationwide, according to a Government Accountability Office (GAO; Washington) report released last week. A federal trust fund exists for cleaning up the contamination, which currently has about $2.6 billion in reserve. Democrats say the Bush administration is using the money in the trust to offset budget deficits, instead of starting the cleanup process. GAO recommends that EPA take action to ensure that tank owners: maintain adequate...

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