EPA Announces Settlement With Mosaic Fertilizer For Alleged Chemical Accident Prevention Violations At St. James, LA., Facility; The Companies Will Pay More Than $217,000 In Civil Penalties, Install Two Ammonia Gas Monitors And Donate Equipment
Portfolio Pulse from Benzinga Newsdesk
The EPA has settled with Mosaic Fertilizer and Tampa Port Services for Clean Air Act violations at a Louisiana facility. The settlement includes over $217,000 in penalties, installation of ammonia gas monitors, and equipment donations to local emergency services.
February 06, 2024 | 6:56 pm
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Mosaic Fertilizer, part of Mosaic Co., has settled with the EPA for Clean Air Act violations, agreeing to pay over $217,000 in penalties and undertake environmental projects.
The settlement likely has a negative short-term impact on Mosaic Co.'s stock (MOS) due to the financial penalties and the potential for increased operational costs associated with compliance measures. The news highlights regulatory challenges and could affect investor sentiment.
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