Old GM says site cleanups planned

Old GM says site cleanups planned

Motors Liquidation tries to reassure on environmental work

BY TIM HIGGINS
FREE PRESS BUSINESS WRITER

The company handling the wind-down of General Motors’ unwanted properties and operations sought Friday to alleviate communities’ concerns that there won’t be enough money to pay for environmental liabilities.

The Free Press reported Friday that GM was able to shed an estimated $530 million in environmental liabilities through bankruptcy, including the Massena, N.Y., powertrain plant, which is on the U.S. Environmental Protection Agency’s National Priorities List.

The properties and liabilities were left behind for "old GM," now called Motors Liquidation Co., along with about $1.2 billion to wind down the old company.

"Motors Liquidation Co. understands and appreciates the concerns of local communities," the company said in a statement. "Our objective is to work with local communities, developers and other stakeholders to resolve environmental-remediation obligations at the properties now under our control in a manner that protects public health and the environment while being consistent with the interests of creditors in the bankruptcy proceedings."

The statement by Motors Liquidation, which declined comment for Friday’s Free Press reports, were in response to concerns by community leaders in New York and Michigan about who will pay to clean polluted sites.

"We believe that the amounts allocated should be adequate to fund remediation at these sites, based in part upon estimates from nationally recognized environmental-management firms we have engaged to assist us in estimating what is required," Motors Liquidation said.

The company did not say how much of the wind-down budget had been allocated to environmental concerns.

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