Safeway pays for clean-air violations
The grocer took its time fixing refrigerant leaks. Its procrastination will cost it $4.7 million in fines and repairs.
The U.S. Environmental Protection Agency and Department of Justice hit large grocery chain Safeway (SWY) with a $600,000 fine and forced it to agree to a nationwide reduction of greenhouse gas emissions from refrigeration equipment at its 659 U.S. stores under terms of a settlement released Wednesday. The federal agencies say the settlement with the retailer is the largest ozone protection case ever reached under the Clean Air Act.
Safeway was targeted by the government for violating clean air laws by not promptly fixing leaks of HCFC-22, a hydrochlorofluorocarbon used in refrigerators that eats away at ozone and contributes to climate change. Safeway didn't have much of a defense, as the government also noted that it failed to keep maintenance records for the faulty refrigerators in question.
Safeway also agreed to reduce its average leak rate from 25% to 18% or less by 2015. That will require the company to invest an estimated $4.1 million in new systems, equipment upgrades and other changes that should prevent the future release of more than 100,000 pounds of the offending refrigerants.
The important part, at least in Safeway's view, is that it doesn't have to admit any responsibility in the matter. Free from the nasty little threat of legal action, the company issued a statement Wednesday saying it shouldn't be scolded for past laziness when it's been so active in making repairs lately. See, they told you they'd get around to it. . . $4.7 million later.
"The allegations in the complaint are dated from 2004 to 2007 and do not reflect a number of improvements Safeway has implemented since that time," the company statement said.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
More Market News
Remy Cointreau says it was 'adversely affected' by China's anti-extravagance policy.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'