Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Liability shifting (spin-offs, bankruptcy, closure bonds) · United States · 2020

Exide's Vernon lead smelter abandoned in bankruptcy, leaving California to pay for cleanup

Short record: the main facts, with sources. A full case file has not been prepared.

Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 3 none on record · 1 insufficient · 1 not measured See the gaps

Battery recycler Exide left its Vernon, California, lead smelter through bankruptcy in 2020. The state has spent $260 million on the cleanup, and a further $390 million is reported as needed.

What?
Exide abandoned its Vernon battery recycling plant through bankruptcy, and the state of California has paid for the cleanup. ABC7
Where?
Vernon, California, United States ABC7
When?
Bankruptcy and abandonment in 2020 ABC7
Who?
Gained
  • Exide — Left the site and its cleanup obligation through bankruptcy ABC7
Lost
  • State of California and taxpayers — Spent $260 million on the cleanup; a further $390 million reported as needed ABC7
Harmed
None on record
Why?
Not stated in the sources reviewed.
How?
The plant was abandoned through bankruptcy and the cleanup passed to the state. ABC7
6 of 6 questions answered from the record

What happened

The record, in order.

ABC7 reported that Exide was allowed to abandon its Vernon battery recycling plant in bankruptcy, leaving taxpayers to pay for the cleanup.

ABC7 reported that the state had spent $260 million on the cleanup, and that a further $390 million was needed.

    In court and with insurers

    Every proceeding and every insurer decision on record.

    Lawsuits and rulings

    No court case on record. No court has ruled on this case.

    Insurers

    No insurer decision on record.

    What we don't know

    Undisclosed, unproven, untried: recorded as data.

    Nature

    • Not measured Harm to nature: The record holds no measurement of harm to nature.

    Record

    • Insufficient Reported but not verified: 31 of 50 nearby homes were not cleaned.
    • None on record No verified source describes residents' exposure or health effects.
    • None on record The sources reviewed do not give the outcome of an appeal in the Exide case.
    • None on record The sources reviewed do not include the state toxic substances regulator's Exide document.

    Did the harm stop?

    Not stated in the sources reviewed.

    Who paid?

    Not stated in the sources reviewed.

    Sources

    Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers

    Bonds and banking

    Liquidation, insolvency, bankruptcy
    Legal processes that apply when a company cannot pay its debts; its assets are sold and claims against it may go unpaid.
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