WR Grace agrees to pay $250 Million for Libby Montana Asbestos Problem
In what could be W.R. Grace and Co.’s first step in a seven year attempt to leave Chapter 11 bankruptcy court protection, the company has agreed to pay $250 million for the investigation and cleanup of asbestos contamination around its Libby, MT mine.The vermiculite mine was among the more publicized cases of asbestos exposure that affected not only the mine workers, but also the surrounding town. Traces of asbestos were nearly everywhere in the town, including in schools, homes and businesses. Nearly all traces of asbestos could be attributed to the nearby mine’s failure to properly control their hazardous waste.
