GE Brings PR, Lobbying Costs To Light [1]
Submitted by Diane Farsetta [2] on
From 1990 to 2005, General Electric [3] spent more than $122 million on public relations, lobbying and legal efforts, "to fight demands that it clean up three contaminated polychlorinated biphenyls (PCBs) sites," reports O'Dwyer's. The three sites are "a 200-mile stretch of the Hudson River (the nation's biggest Superfund site), Housatonic River (Pittsfield, MA) and a transformer facility (Rome, GA)." GE's disclosure comes after a decade of pressure from the Tri-State Coalition for Responsible Investment, a coalition of Roman Catholic groups that filed shareholder resolutions requesting the information. Coalition director Patricia Daly said the money could "have gone a long, long way in cleaning up the problem," had it not been "wasted on PR, lobbying and courtroom delaying tactics." The Environmental Protection Agency [4] ordered GE to clean up the Hudson in 2002. GE now says it will reimburse the EPA $110 million for "past cost and future oversight delays," and clean up the site.