1. Home
  2. Articles posted by: Rona Fried (Page 2251)

Tyco Receives Largest Environmental Fine in New England History

HARTFORD, Connecticut, August 19, 2004 (ENS) – Tyco Printed Circuit Group of Stafford, Connecticut, a subsidiary of Tyco International, has been sentenced in Hartford federal court to pay $10 million in fines and environmental restoration for discharging copper, lead and other toxic substances into Connecticut waters. On April 29, Tyco pleaded guilty to 12 felony counts of violating the federal Clean Water Act at three Connecticut facilities between 1999 and 2001. In Hartford federal court on Monday, U.S. District Judge Alfred Covello ordered Tyco to pay $6 million in criminal fines and $4 million toward the following environmentally beneficial programs: (1) $2.7 million to the Connecticut DEP's natural resources fund (2) $500,000 each to the towns of Stafford and Manchester to fund sewer and water treatment system improvements (3) $300,000 to recycle deionized and other wastewater at Tyco's Stafford and Staffordville facilities. In documents and statements filed with the Court, Tyco acknowledged the company committed a range of environmental crimes at Tyco's facilities in Manchester, Stafford, and Staffordville, Connecticut, with the knowledge and active participation of the company's head of Environmental Health and Safety Daniel Callahan, and two waste treatment supervisors, Anthony Dadalt and Robert Smith. In 2000 and 2001, […]

Read More

American Stock Exchange Publishes New WilderHill Clean Energy Index

The first U.S. index comprised of companies focusing on clean energy The American Stock Exchange (Amex) announced today that it has begun publishing the WilderHill Clean Energy Index (AMEX-ECO; a new index comprised of publicly traded companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. Dr. Robert Wilder, managing director of WilderShares, LLC, said, "As smart energy alternatives including wind, solar, and hydrogen fuel cells have reached billion dollar markets and gain increasing demand, we believe the WilderHill Clean Energy Index is the right product at the right time. We're delighted to partner with the Amex for launching this product, which proves to have a low correlation to other indexes." Dr. Wilder added, "Given that the price for this energy depends mainly on costs of technology and these costs are only dropping, clean energy contrasts sharply with the trends in fossil fuels. Compare clean energy against fossil fuel price fluctuations, environmental impacts, and supply vulnerability, and I believe that the WilderHill Clean Energy Index will only grow in significance." Cliff Weber, senior vice president of the Amex ETF Marketplace, said, "We are pleased to be collaborating with WilderHill in calculating and publishing this […]

Read More