Toxic site owner agrees to cleanup WASHINGTON (AP) - The former owner of Virginia's largest private Superfund toxic waste site has agreed to a settlement with the government to clean up the site at an estimated cost of $63 million over seven years, government officials said Thursday. The Justice Department and the EPA were to announce the settlement with FMC Corp., a Chicago-based chemical company, Friday. Controversy has surrounded the cleanup of the Avtex Fibers plant near Front Royal, Va., for years. More than $40 million already has been spent trying to rid the 440-acre site of toxic chemicals. It is Virginia's No. 1 Superfund waste site and one of the major Superfund sites in the country. See full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2560229271-55f> Return To Top <#TOP> | The Environment <#category18> Market for pollution credits viable WASHINGTON (AP) - A $23 million project involving energy-efficient light bulbs in Mexico could lead to a global market for trading credits rewarded to countries or companies for curbing greenhouse gas emissions. World Bank and other organizations involved in the project said Thursday it was the first time an international treaty on climate change was used to verify emissions reductions. Industrial countries, including the U.S., agreed in 1997 in Kyoto, Japan, to reduce emissions of heat-trapping greenhouse gases, notably carbon dioxide. To reduce costs, the agreement envisions a system in which countries obtain emission-reduction credits from other countries that already have met certain pollution levels. See full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2560226867-c60>
