EXIDE BREAKING NEWS: California State Assembly approves $176.6 million in funds for environmental testing and cleanup of Exide’s lead/arsenic contamination; Exide committed to pay only $50 million. To date, Exide has paid only $9 million and doesn’t have to pay another $5 million until 2020
DO THE MATH:
EXIDE IS RESPONSIBLE FOR THE LARGEST ENVIRONMENTAL CLEANUP IN CALIFORNIA HISTORY. Â THE Â CALIFORNIA STATE ASSEMBLY APPROVES PAYING ALMOST $180 MILLION FOR THAT CLEANUP. Â YET, EXIDEÂ IS COMMITTED TO PAY ONLY $50 MILLION FOR THEÂ CLEANUP Â OF THE LEAD,Â ARSENICÂ CONTAMINATION IT IS RESPONSIBLE FOR,Â WITH ONLY $26 MILLION EARMARKED FOR RESIDENTIAL CLEANUP.Â AND, TO DATE, IT HAS PAID ONLY $9 MILLION INTO A TRUST, AND ANOTHER $5 MILLION IS NOT DUE TO BE PAID UNTIL MARCH 2020.Â
ASK THE QUESTION:
WHO IS RESPONSIBLE FOR MAKING SUCH AN INCREDIBLY BAD DEAL?Â
The state Assembly ThursdayÂ approved $176.6 million in funding for environmental testing and cleanup work in neighborhoods surrounding theÂ now-shuttered Exide TechnologiesÂ battery-recycling plant in Vernon.
The Assemblyâ€™s approval moves the legislation to Gov. Jerry Brown, who proposed the funding.
State officials said the funding would pay for testing of residential properties, schools, day care centers and parks within a 1.7-mile radius of the plant, and fund cleaning of as many as 2,500 properties with the highest lead levels.
â€œThe loan funds in the legislation will speed up the testing and cleanup process for thousands of homes affected by Exide and makes sure the state will go after Exide to get back the money thatÂ Â is spent cleaning up their mess,â€ Assembly Speaker Ed Rendon, D-Paramount, said. â€œâ€¦ While the toxic damage has already taken a toll on our communities, the action we are taking today will go a long way towardÂ Â restoring the safety and quality of life for the residents harmed by the poisons that Exide dumpedÂ Â on them.â€
The Exide plant permanently closed in March 2015. When Exide agreed to close the lead-acid battery recycling plant, it committed to pay $50 million for cleanup of the site and surrounding neighborhoods. Of that amount, $26 million is meant to be set aside for residential cleanup.
As of last August, Exide, which filed for bankruptcy in 2013, had paid $9 million into a trust and another $5 million was due to be paid by March 2020, according to state officials.
â€”City News Service