Wow!
The unpaid taxes date back to at least 2000, according to a lien filed in 2010. The filing also puts a hold on all of the lawsuits filed against Freedom Industries. Since the leak last week, about a mile and a half upriver from West Virginia Water American's plant in Charleston, about 25 lawsuits have been filed against Freedom in Kanawha Circuit Court. The company also faces a federal lawsuit. The company's assets and liabilities are each listed as between $1 million and $10 million in the bankruptcy filing. Chemstream Holdings Inc. is the sole owner of Freedom Industries, according to the filing. Gary Southern, who is identified as Freedom's president, signed all of the bankruptcy documents. On Thursday, a source close to Freedom Industries, who asked to remain anonymous because of pending lawsuits, told The Charleston Gazette that Chemstream Holdings is owned by J. Clifford Forrest of Kittanning, Pa. About an hour after its bankruptcy filing, Freedom filed an emergency motion for what's called "debtor-in-possession," or DIP, financing, which would allow it to secure up to a $5 million loan to continue to function in some capacity. The loan would, according to the filing, "provide additional liquidity to [Freedom] in order to allow it to continue as a going concern." The lender in "debtor-in-possession" cases generally get first priority when it comes time for the debtor, in this case Freedom, to pay money back. Freedom's proposed lender is a company called WV Funding LLC. That company does not exist in West Virginia, according to business records on file with the West Virginia secretary of state. Pennsylvania's secretary of state also has no records online for it. The DIP agreement has places to sign for Freedom Industries and for WV Funding "by Mountaineer Funding LLC." Mountaineer Funding was incorporated with the West Virginia secretary of state on Friday. Its one listed member is J. Clifford Forrest, Freedom Industries' owner.
Like I said the other week, my computer runs on coal.
The I thought they stand for argument, makes the person using that argument look politically ignorant.
I don't want this issue, to turn into left/right debate.
IMO the corporation didn't want to lose any of the leaked chemical, nor did they want to properly maintain their storage tanks. as Willy would say, FI needs to invest in their infrastructure.
No one is complaining about the exploding crude trains. When there are safer alternatives. Not that the trains were any where near the proposed XL pipeline expansion.
Regulation or Greed, what will get you first 
for the States Attorney General to hold the West Virginia water supply poisoning scum fully accountable.
Between "limited liability" and Tort reform it is now up to the masses to unite against the boundless greed and reckless disregard so commonly found in the corporate ethos.
Not even a fully militarized police force wants to deal with 300+million totally pissed citizens. All that is needed is to wake the country up to what the last eight administrations has stolen from us. (actually six; Jimmy Carter & Ford didn't fuck the Constitution and the citizens like the others did).
The petition you signed was probably from OPEC.
I don't like the regulation approach, regulation and law enforcement look the same to me. I have to go back and look, but I think there was some kind of regulation on this companies storage of hazardous materials. The regulation was never enforced, if that's true, Shouldn't we hold the regulators accountable?
I'm not against business, or corporations or or even progress per-se. But if a customer at an out-door sidewalk cafe on Sunset Blvd lights a cigarette, cigar or pipe they'll quickly be facing an armed authority figure with the "Rght to Arrest" for their indiscretion. A corporation however can poison the air, ground and water of an entire city while the CEO hides behind a wall of legal immunity and the new "Tort reforms" cap the fiscal penalties the "corporation" must pays down to that of a parking ticket respectively. "Citizens united" has furthered corporate irresponsibility by making it all the easier for the corporatocracy too have their paid puppets elected into public offices that would otherwise hold them responsible.
Taken to a logical/hypothetical extreme; If Charles Manson was a CEO he could avoid prosecution by claiming that a business directive to his subordinates was erroneously carried out.
Rockefeller had said the last time the plant was inspected was in 1991, though a review of records shows the state’s Department of Environmental Protection checked the facility in 1999 and 2002 because it stored petroleum products, spokesman Tom Aluise said by phone.
The department’s division of air quality also visited the plant in April 2010 in response to a complaint by a resident nearby about a licorice odor that “leaves a bad taste in your mouth,” according to a report provided by the state. No violation was found, and the state also checked in 2012 whether an air permit was needed, Aluise said.
West Virginia doesn’t require inspection of storage tanks with chemicals such as the one that leaked, and there should be such regulations in place, said Larry Zuspan, who runs the local emergency planning committee in Charleston.
There have been many inspections for different things over the years. None of them being the leaking storage tanks. WV DEP couldn't find any violations. I don't know why they couldn't look at a MSDS and determine what chemicals located at the facility, have the potential give off a licorice odor?
In hindsight that sounds like a doable task. WV doesn't require the inspection of chemical storage tanks. That doesn't mean the WV DEP couldn't locate, and require FI to fix the leak. Minus a state sanctioned regulation.
The CEO hides behind a wall of legal immunity just like obama hides behind executive privilege.
2014 - GOP Senate and House
you know, your lord and savior, will bail them out.
You're welcome
2014 = GOP Senate and House
BTW clearly you are NOT man enough
The unpaid taxes date back to at least 2000, according to a lien filed in 2010.
Strange time for them to be involved in a industrial accident.
received 14 Billion from the 'insurance' for his loss of two buildings that were proving themselves a financial 'loser'.
'Freedom Industries' will make out just fine.
How did the MCHM get into the water?
Where did the estimated number of 7,500 gallons come from, is there 7,500 gallons missing from a tank/s?
Why is there a federal lawsuit against the water treatment facility?
and all tanks built in the past 40 some years now require welds.
For me own knowledge of American politics could you please explain how a man made disaster such as this spill would fall on a policy of the Republican Party and not the Democrat party. I asks after reading the second longest serving politician in US history was a Democrat former Klansman and coal miner from West Virgina . What was the bloke doing all those years , almost 60 I believe , in Washington DC ? With all the Billions of federal currency he secured for his state that thrives on the coal industry it seems they could have helped or possibly forced this company to replace that tank years ago since it was in the best interests of all involved
Did you know the average road going, drop tanker is capable of carrying 7000 gallons of liquid?
Roughly the same amount that leaked into the elk river.
Still want to shut down the EPA and let companies like Koch brothers run wild?
4-Methylcyclohexane Methanol exists, and is used by the coal industry, as a direct result of EPA clean air regulation.
A consultant at a major mining industry firm told National Geographic that 4-methylcyclohexane methanol is used at about 20 to 25 percent of coal processing plants in West Virginia.
The consultant, a former miner who insisted on anonymity because of orders from his employer, said the chemical is used in a process called froth flotation, which separates sand-size particles of coal from the surrounding rock, in a tank of water or another solution.
Not every coal preparation plant uses this chemical, because it is primarily used to produce coal for metallurgical purposes, called coking coal, the consultant said. The chemical is rarely used to produce coal that is burned to create electricity, called steam coal, which represents the vast majority of coal produced.
"Thirty years ago I used diesel fuel in froth flotation, but you can't use that anymore because of restrictions on air emissions," the consultant said
EPA regulations create more air pollution. The coal mined at the Powder River Basin, will be sold to and consumed in China. I don't believe China has to adhere to EPA regulation. Chinese coal fire power plants will put out more emissions. Then factor in the amount of energy that will be needed to transport the coal to china.
Who is the EPA protecting
...are a very patriotic company who would not do anything to harm the U.S. of A. Just look at their corporate logo - anyone can tell they are...
...For God and Country
Thank you
The largest coal producer in the world?
What do you call a WV coal miner who loses his pension?
...a Patriot
Vern the backstabber is making an attempt at mocking me. If he is trying to upset me, piss me off or the like he has failed, as he is a total failure here and most likely has is his off board life too.
As I’ve mentioned several times in the past he and several others of his ilk are nothing but entertainment for me. I post something and watch them wet their panties, get riled up, say something stupid (well more stupid than their usual stupid) poop their panties. I find the backstabber and his ilk fun and amusing to watch as they stumble all over themselves/each other confirming their total lack of creditability, lack integrity and lack of honor.
2014 = GOP Senate and Hous
Appalachian coal companies increasingly have been selling their output to Europe, where natural gas remains expensive. America's cheaply mined and low-priced coal, though, is in Wyoming and Montana. According to Wolak's research, if West Coast coal export terminals are built, it is likely that coal companies will ship massive amounts of the stuff to Asia. China has built so many coal-fired power plants to fuel its economic growth that it switched from being an exporter of coal to an importer in 2009. Since then, its imports have skyrocketed.
"Perhaps counter-intuitively, the United States selling coal to China, and Asia generally, likely will reduce greenhouse gas emissions globally," said Wolak.
"The assumption here is that China will burn all the coal necessary to keep the lights on, the factories running and electricity rates low. Different from the United States and Europe, China does not have significant natural gas-fired generation units and its electricity demand continues to grow rapidly, so it must burn the coal to meet this demand growth. It's just a question of where it comes from."
To the degree that this coal comes from the United States, U.S. coal prices will rise. This will cause U.S. utilities to switch even more of their electricity production from coal to gas, further reducing U.S. emissions of carbon dioxide.
Other technological developments, like more efficient renewable energy, may change the outlook for the global coal market down the line. "My research is based on current technology," said Wolak. "I'm certainly hopeful that the technology will change. The big problem is that there is no price on carbon emissions outside of California, which significantly dulls the economic incentives to invest in research and development of low-carbon energy sources."
I see the profit side(for energy companies). What I don't see the environmental side.
Perhaps BigPapasan, or another environmentalist could explain this.