FAIRFIELD, Conn.--(BUSINESS WIRE)--
General Electric Co. today issued a report
on the environmental dredging project the Company is conducting on the
Upper Hudson River in New York State.
The Company said its completion of the project — expected in 2016 — will
fully resolve its remedial liabilities. Any liability for natural
resource damages beyond the cleanup is speculative at best, GE said,
because current scientific evidence shows that Hudson River wildlife
populations are robust and thriving. Therefore, GE said, it believes no
expansion of the dredging project is warranted.
GE has spent more than $1 billion thus far implementing the project
selected and overseen by the U.S. Environmental Protection Agency. EPA
has said the project is meeting the Agency's clean-up goals and protects
human health and the environment.
The report responds to a request from New York State Comptroller Thomas
P. DiNapoli, sole trustee and manager of the New York State public
employees' Common Retirement Fund.
The full report is available at www.hudsondredging.com.
Source: General Electric Co.