From 1949 to 2001, U.S. based FMC operated a phosphorus processing plant in southeastern Idaho, just west of Pocatello and Chubbuck. Ten years later that plant is now an EPA Superfund site, and locals are still waiting for FMC to clean it up!
The hypocrisy is that FMC has been going around spending money buying up companies that specialize in environmental clean up! The most recent purchase was Canada’s Adventus Intellectual Property: “Adventus presents an exceptional opportunity for FMC to broaden its growing portfolio of advanced specialty solutions serving the global site remediation market.”-Mark Douglas, FMC Industrial Chemicals
FMC site, west of Pocatello and Chubbuck, south of Fort Hall Reservation
So if FMC can buy up companies that specialize in environmental clean up, why can’t FMC clean up it’s old phosphorus plant in southeastern Idaho?
FMC claims to have annual sales of approximately $3.1 billion! Yet FMC has just completed the sale of U.S.$300 million worth of debt notes. Why does it need to do that? According to FMC officials they’re jumping on the new trend of Corporate America buying back their stocks. FMC wants to buy back at least $200 million of their own shares! Instead, shouldn’t they spend that on cleaning up their Idaho Superfund site?
Recently the Environmental Protection Agency held public meetings in southeastern Idaho, to discuss ways to clean up the old FMC site. Capped ponds at the site are emitting toxic phosphine gas. There was also decades of dumping before the EPA was created. There is concern that contamination is leaking into the ground water, and nearby rivers.