CHEJ Executive Director testimony to Superfund Briefing Committee

7/10/09
Congressional Briefing Looks at Benefits of Refinancing Superfund

This week, Lois Gibbs, CHEJ Executive Director presented the case for renewing Superfund polluter pays fees at a Congressional briefing sponsored by Rep. Blumenauer. Superfund sites are the most toxically polluted sites in the country. They endanger the health of local communities and inhibit economic growth. Read Lois’s full remarks here.

would just add that the ASARCO bankruptcy is a fraud, because the court is not considering the now-public "confidential-for-settlement-purposes-only-EPA-DOJ" document (signed secretly by Asarco in a confidential DOJ-Asarco agreement) proving that ASARCO burned toxic waste for profit secretly for years here -- next to the Rio Grande....

Citigroup comment on PEMEX....

Pemex Bond Yield Gap to Mexico Shrinks by 69% as Profit Outlook ...

"Pemex’s borrowing costs are coming down because the company and government are “interdependent,” Suarez said. “Pemex is cheap right now.”

The company’s second-quarter results, scheduled to be released tomorrow, improved as a surge in oil prices offset falling crude production and a rebound in the peso cut debt- servicing costs, said Arnulfo Rodriguez, head of fixed-income research at Citigroup’s Banamex unit in Mexico City."

 [Citigroup.... bond holder for ASARCO along with Harbinger group ... see: "Citigroup is an affiliate of Harbinger Capital Partners, a hedge fund manager. Citigroup and Harbinger are creditors in Asarco's pending bankruptcy proceeding. They are based in New York and together are owed $300 million." http://www.elpasotimes.com/news/ci_12806700 )