The company that makes a chemical needed to manufacture all those household Teflon products says it stands to lose millions of dollars if regulations are placed on the chemical. And a stockholders’ group is pressing for even more financial disclosure about the chemical known as C-8. The Great Lakes Radio Consortium’s Fred Kight reports:
Transcript
The company that makes a chemical needed to manufacture all those household Teflon
products says it stands to lose millions of dollars if regulations are placed on the
chemical. And a stockholders’ group is pressing for even more financial disclosure about
the chemical known as C-8. The Great Lakes Radio Consortium’s Fred Kight reports:
DuPont reported total revenue of 28 billion dollars in 2004. A group of shareholders
wanted to know how much of that 28 billion is at stake if C-8 were to be regulated. The
answer – about one billion.
Sanford Lewis is a spokesman for DuPont Shareholders for Fair Value. He says DuPont
should be even more forthcoming about the possible impact of controls on C-8.
“There is enough environmental and scientific evidence mounting, that the company really
ought to come forward and tell us can it get rid of these chemicals in its products and
preserve this amount of value.”
Currently, C-8 is unregulated, but that could change since some tests have shown the
compound can cause cancer in humans. A DuPont spokesman says C-8 has no
replacement and the benefits to consumers outweigh potential environmental costs.
For the GLRC, I’m Fred Kight.