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Vermont Asbestos Group Agrees to Environmental Mitigation and to Assist State in Pursuing Insurance Funds

CONTACT: Thea Schwartz, Assistant Attorney General, (802) 828-3186

September 5, 2013

The State of Vermont has filed in federal district court a settlement agreement with the Vermont Asbestos Group, Inc. (VAG) to address hazardous asbestos-containing materials from the company’s inactive mine site in Eden and Lowell. The United States Environmental Protection Agency is also a party to the agreement. Under the agreement, which is subject to approval by the court, the State will recover certain past expenses for mitigation work performed at the site. VAG will maintain the site’s environmental corrective structures for the next ten years. VAG has also agreed to work with the State and EPA to recover money from its insurance policies. Money recovered will go to the State and EPA to help cover past and future clean-up costs. “This settlement benefits Vermonters and the environment by helping to deal with this very large site,” said Attorney General William H. Sorrell. “The settlement will help protect the site. The settlement will also assist in recovering additional monies to cover environmental costs in the future,” Attorney General Sorrell added.

In 2009, the State entered into a consent decree with the successor to GAF Corporation, G-1 Holdings, Inc., owner of the mine prior to VAG. The consent decree addressed pollution claims, as part of G-1’s bankruptcy proceeding.

Notice of the settlement with VAG will be published in the Federal Register on September 9, 2013. This will start the 30-day public comment period.

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