This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

"Teck Metals has already acknowledged that it released millions of tons of toxic pollution into Washington state, and we feel confident the federal court will find that U.S. cleanup laws apply to Teck," said Jim Pendowski, Ecology's Toxics Cleanup Program manager. "The law has consistently been on our side, and making American taxpayers bear the burden of cleanup costs doesn't make sense."

At today's hearing, evidence showed that Teck used the smelting site located on the Columbia River to discard waste, which is expensive to dispose of, and allowed it to flow downstream.  Additionally, evidence was presented showing that:

  • From 1920 to 1997, Teck discarded 10.1 million tons of slag, containing 130 tons of cadmium, 2,000 tons of arsenic, 30,000 tons of copper, 14,000 tons of lead and 390,000 tons of zinc by dumping it into the Columbia River. 
  • Teck conceded that its sewer effluent discarded to the Columbia River from 1923 to 1997 contained more than 200,000 tons of hazardous substances including mercury, cadmium, arsenic, copper, lead and zinc. 
  • Teck knew its wastes were reaching and impacting the Upper Columbia River in the United States and Teck recognized it faced potential claims based on disposal of its wastes. However, profits were "excellent" - $100 million per year in the 1980s - so the company continued to discard slag at a rate of 400 tons per day, and sewer effluent flowed from its facility 24 hours a day. 

Today's hearing focused on the two remaining contested legal matters – whether the court has personal jurisdiction over Teck, and whether Teck's actions constitute arrangement for disposal of hazardous substances under federal environmental law.

"It's time for Teck to finally be held accountable for its actions," Sirois said. "We are hopeful this decision will benefit future generations—not just Tribal members but everyone that uses the Columbia River.  It will present a clearer path for the United States to deal with the remediation of the Columbia River under U.S. law and that the Tribes, as a sovereign entity, will participate in the process to thoroughly investigate and clean up the river system.  "

A decision on this hearing is anticipated before the end of 2012.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs