This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hearing To Determine Whether Canadian Mining Giant Will Be Held Responsible For Environmental Cleanup Under U.S. Law

YAKIMA, Wash., Oct. 10, 2012 /PRNewswire/ -- Today, a hearing was held in federal district court to determine whether Teck Metals, Ltd. (Teck) will be held liable under U.S. law for the industrial wastes it discarded into the Columbia River that traveled into the United States.  The Confederated Tribes of the Colville Reservation, the State of Washington and Teck presented scientific evidence and admissions of Teck's discharges over a period of decades.

"Over the last decade we've taken significant steps to ensure that Teck is held responsible for the millions of tons of hazardous substances it discarded into the River," said Colville Tribal Chairman John Sirois.  "Teck's actions injured our Tribes' lands, waters, and other natural resources. The Columbia River and Lake Roosevelt is a center of our Tribal culture, and we want to ensure contamination in the River is adequately assessed and addressed.  It's time to clean up the River."

Since 2004, the Tribes and the State of Washington have been engaged in litigation with Teck related to the hazardous substances it discarded into the Columbia River.  Last month, days before the trial was originally scheduled to begin, Teck finally admitted that it disposed of millions of tons of slag (smelting waste) and other hazardous waste including mercury, cadmium, zinc, copper, arsenic and lead into the Columbia River and Lake Roosevelt. Teck also admitted these wastes are releasing hazardous substances into the environment. 

For years, Teck has argued that its wastes are not present in the U.S., and if they are, its slag is "inert" and that not a single drop of their liquid effluent remains in the Columbia River.  Recently, Teck admitted that its hazardous wastes are in the Columbia River, have leached, and are continuing to release hazardous substances including lead, zinc, arsenic, and cadmium into the environment.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs