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Potash Corp to Spend $53 Million Due to US Clean Air Act

Investing News Network
Nov. 07, 2014 09:25AM PST
Potash Investing

Potash Corp. has agreed to spend $52 million on plan improvements and pay a further $1.3 million civil penalty to address charges it violated the U.S. Clean Air Act.

Potash Corp. has agreed to spend $52 million on plan improvements and pay a further $1.3 million civil penalty to address charges it violated the U.S. Clean Air Act.

According to Reuters:

Thursday’s accord with the world’s largest fertilizer producer includes a consent decree, and is the largest in the U.S. Department of Justice’s effort to address Clean Air Act violations by sulfuric acid producers.

Sam Hirsch, acting assistant attorney general in the Justice Department’s environment and natural resources unit, said in a statement:

[The settlement] will ensure cleaner air for citizens across the Southeast and will send a strong signal to the industry that noncompliance has serious consequences.

Click here for the full article.

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