Agreement In Place To Settle Mine Pollution Case
FRANKFORT, Ky. (AP) â¿¿ Government regulators, environmental groups and International Coal Group have reached a proposed agreement to resolve a dispute over Clean Water Act violations.
Franklin County Circuit Judge Phillip Shepherd still has to approve the deal that requires ICG to pay $575,000 in penalties.
Under the agreement, ICG would pay $335,000 to the PRIDE environmental initiative to help stop Kentucky residents from piping sewage directly into streams and $240,000 to the Department for Natural Resources to pay for a water study.
North Carolina-based Appalachian Voices, New York-based Waterkeeper Alliance and Kentucky Riverkeepers heralded the proposed settlement on Friday. The groups had alleged companies falsified water quality reports that were submitted to the state and said they found more than 2,700 violations that would have totaled tens of millions of dollars in fines.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV