🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

US EPA directs $1 billion to 25 Superfund hazardous waste cleanups

Published 02/27/2024, 01:42 PM
Updated 02/28/2024, 02:47 PM
© Reuters. FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo

By Timothy Gardner

WASHINGTON (Reuters) -The U.S. environment regulator said on Tuesday it is launching new cleanup projects at 25 hazardous waste sites from New Jersey to Oregon with $1 billion in funds.

The sites are in the Environmental Protection Agency's Superfund program, originally created in 1980, which helps to repurpose land polluted by heavy industry for new economic development, including parks and warehouses.

The $1 billion is the third and final wave of $3.5 billion in funding appropriated by the bipartisan infrastructure bill U.S. President Joe Biden signed into law in 2021.

"This funding will help improve people's lives especially those who have long been on the front lines of pollution," Janet McCabe, the deputy EPA administrator told reporters on a call.

McCabe said 75% of the 25 sites are in historically underserved communities. The $1 billion also will help speed up ongoing work at 85 Superfund sites. More than 25% of Black and Hispanic Americans live within three miles (5 km) of a Superfund site, McCabe said.

New Jersey, which has more Superfund sites than any other state, has three sites among the 25 including Raritan Bay Slag in Old Bridge and Sayreville, where a seawall and jetty were built using slag, waste from the bottom of industrial blast furnaces used to smelt metal from the 1960s to the 1970s.

U.S. Representative Frank Pallone of New Jersey said the funding will work well with an expected infusion of $23 billion over five years for Superfund after "polluters pay" taxes for the program were reinstated in the infrastructure law and Biden's Inflation Reduction Act.

© Reuters. FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo

"Reinstating that Superfund tax is really only about basic fairness that corporate polluters, not taxpayers, should have to pay to clean up the messes that they created," Pallone told reporters.

In Clackamas, Oregon, the funding will help clean up the Northwest Pipe & Casing/Hall Process Company site where pipes were made and coated from the 1950s to the 1980s contaminating soil and groundwater with solvents, primers, coal tar and other pollutants, the EPA said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.