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New EPA rule says 218 US chemical plants must reduce toxic emissions that are likely to cause cancer

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New EPA rule says 218 US chemical plants must reduce toxic emissions that are likely to cause cancer
News

News

New EPA rule says 218 US chemical plants must reduce toxic emissions that are likely to cause cancer

2024-04-10 03:28 Last Updated At:04:00

WASHINGTON (AP) — More than 200 chemical plants nationwide will be required to reduce toxic emissions that are likely to cause cancer under a new rule issued Tuesday by the Environmental Protection Agency. The rule advances President Joe Biden’s commitment to environmental justice by delivering critical health protections for communities burdened by industrial pollution from ethylene oxide, chloroprene and other dangerous chemicals, officials said.

Areas that will benefit from the new rule include majority-Black neighborhoods outside New Orleans that EPA Administrator Michael Regan visited as part of his 2021 Journey to Justice tour. The rule will significantly reduce emissions of chloroprene and other harmful pollutants at the Denka Performance Elastomer facility in LaPlace, Louisiana, the largest source of chloroprene emissions in the country, Regan said.

“Every community in this country deserves to breathe clean air. That’s why I took the Journey to Justice tour to communities like St. John the Baptist Parish, where residents have borne the brunt of toxic air for far too long,” Regan said. “We promised to listen to folks that are suffering from pollution and act to protect them. Today we deliver on that promise with strong final standards to slash pollution, reduce cancer risk and ensure cleaner air for nearby communities.”

When combined with a rule issued last month cracking down on ethylene oxide emissions from commercial sterilizers used to clean medical equipment, the new rule will reduce ethylene oxide and chloroprene emissions by nearly 80%, officials said.

The rule will apply to 218 facilities spread across the United States — more than half in Texas or Louisiana. Plants also are located in two dozen other states, including Ohio and other Midwest states, West Virginia, Pennsylvania, New York and throughout the South, the EPA said. The action updates several regulations on chemical plant emissions that have not been tightened in nearly two decades.

Democratic Rep. Troy Carter, whose Louisiana district includes the Denka plant, called the new rule “a monumental step" to safeguard public health and the environment.

“Communities deserve to be safe. I've said this all along,'' Carter told reporters at a briefing Monday. "It must begin with proper regulation. It must begin with listening to the people who are impacted in the neighborhoods, who undoubtedly have suffered the cost of being in close proximity of chemical plants — but not just chemical plants, chemical plants that don’t follow the rules.''

Carter said it was "critically important that measures like this are demonstrated to keep the confidence of the American people.''

The American Chemistry Council, which represents chemical manufacturers, said it was reviewing the rule but criticized EPA's use of what it called "a deeply flawed'' method to determine the toxicity of ethylene oxide.

“We also remain concerned with the recent onslaught of chemical regulations being put forth by this administration,'' the group said in a statement. Without a different approach, “the availability of critical chemistries will dwindle'' in the U.S., harming the country's supply chain, the ACC said.

The new rule will slash more than 6,200 tons (5,624 metric tonnes) of toxic air pollutants annually and implement fenceline monitoring, the EPA said, addressing health risks in surrounding communities and promoting environmental justice in Louisiana and other states.

The Justice Department sued Denka last year, saying it had been releasing unsafe concentrations of chloroprene near homes and schools. Federal regulators had determined in 2016 that chloroprene emissions from the Denka plant were contributing to the highest cancer risk of any place in the United States.

Denka, a Japanese company that bought the former DuPont rubber-making plant in 2015, said it “vehemently opposes” the EPA’s latest action.

“EPA’s rulemaking is yet another attempt to drive a policy agenda that is unsupported by the law or the science,” Denka said in a statement, adding that the agency has alleged its facility “represents a danger to its community, despite the facility’s compliance with its federal and state air permitting requirements.”

The Denka plant, which makes synthetic rubber, has been at the center of protests over pollution in majority-Black communities and EPA efforts to curb chloroprene emissions, particularly in the Mississippi River Chemical Corridor, an 85-mile (137-kilometer) industrial region known informally as Cancer Alley. Denka said it already has invested more than $35 million to reduce chloroprene emissions.

The EPA, under pressure from local activists, agreed to open a civil rights investigation of the plant to determine if state officials were putting Black residents at increased cancer risk. The agency initially found evidence of discrimination, but in June it dropped its investigation without releasing any official findings and without any commitments from the state to change its practices.

Regan said the rule issued Tuesday was separate from the civil rights investigation. He called the rule “very ambitious,'' adding that officials took care to ensure “that we protect all of these communities, not just those in Cancer Alley, but communities in Texas and Puerto Rico and other areas that are threatened by these hazardous air toxic pollutants.''

While it focuses on toxic emissions, “by its very nature, this rule is providing protection to environmental justice communities — Black and brown communities, low-income communities — that have suffered for far too long,'' Regan said.

Patrice Simms, vice president of the environmental law firm Earthjustice, called the rule “a victory in our pursuit for environmental justice.”

Fenceline monitoring for six toxic air pollutants — ethylene oxide, chloroprene, vinyl chloride, benzene, 1,3-butadiene and ethylene dichloride — will be crucial to ensure accountability and transparency, Simms and other advocates said. The new rule marks just the second time that EPA has mandated fenceline monitoring in air toxics standards under the Clean Air Act.

“For years, we’ve watched our families and neighbors suffer from disease, like cancer, due to underregulated emissions,” said Robert Taylor, founder of Concerned Citizens of St. John, a local advocacy group.

After the EPA closed its civil rights complaint, “we felt little hope that any government could protect us from industry,'' Taylor said. The new rule is “renewing our hope,'' he said.

Associated Press writer Michael Phillis in St. Louis contributed to this story.

FILE - The Denka Performance Elastomer Plant sits at sunset in Reserve, La., on Sept. 23, 2022. The Environmental Protection Agency on Tuesday, April 9, 2024, issued a rule that will force more than 200 chemical plants nationwide to reduce toxic compounds that cross beyond their property lines, exposing thousands of people to elevated cancer risks. The rule will significantly reduce harmful emissions at the Denka Performance Elastomer facility, the largest source of chloroprene emissions in the country, EPA Administrator Michael Regan said. (AP Photo/Gerald Herbert, File)

FILE - The Denka Performance Elastomer Plant sits at sunset in Reserve, La., on Sept. 23, 2022. The Environmental Protection Agency on Tuesday, April 9, 2024, issued a rule that will force more than 200 chemical plants nationwide to reduce toxic compounds that cross beyond their property lines, exposing thousands of people to elevated cancer risks. The rule will significantly reduce harmful emissions at the Denka Performance Elastomer facility, the largest source of chloroprene emissions in the country, EPA Administrator Michael Regan said. (AP Photo/Gerald Herbert, File)

FILE - Environmental Protection Agency Administrator Michael Regan appears at the White House in Washington, Nov. 27, 2023. The EPA on Tuesday, April 9, 2024, issued a rule that will force more than 200 chemical plants nationwide to reduce toxic compounds that cross beyond their property lines, exposing thousands of people to elevated cancer risks. The rule will significantly reduce emissions of harmful pollutants at the Denka Performance Elastomer facility, the largest source of chloroprene emissions in the country, Regan said. (AP Photo/Andrew Harnik, File)

FILE - Environmental Protection Agency Administrator Michael Regan appears at the White House in Washington, Nov. 27, 2023. The EPA on Tuesday, April 9, 2024, issued a rule that will force more than 200 chemical plants nationwide to reduce toxic compounds that cross beyond their property lines, exposing thousands of people to elevated cancer risks. The rule will significantly reduce emissions of harmful pollutants at the Denka Performance Elastomer facility, the largest source of chloroprene emissions in the country, Regan said. (AP Photo/Andrew Harnik, File)

FILE - The Fifth Ward Elementary School and residential neighborhoods sit near the Denka Performance Elastomer Plant, back, in Reserve, La., Friday, Sept. 23, 2022. The Environmental Protection Agency on Tuesday, April 9, 2024, issued a rule that will force more than 200 chemical plants nationwide to reduce toxic compounds that cross beyond their property lines, exposing thousands of people to elevated cancer risks. The rule will significantly reduce harmful emissions at the Denka Performance Elastomer facility, the largest source of chloroprene emissions in the country, EPA Administrator Michael Regan said. (AP Photo/Gerald Herbert, File)

FILE - The Fifth Ward Elementary School and residential neighborhoods sit near the Denka Performance Elastomer Plant, back, in Reserve, La., Friday, Sept. 23, 2022. The Environmental Protection Agency on Tuesday, April 9, 2024, issued a rule that will force more than 200 chemical plants nationwide to reduce toxic compounds that cross beyond their property lines, exposing thousands of people to elevated cancer risks. The rule will significantly reduce harmful emissions at the Denka Performance Elastomer facility, the largest source of chloroprene emissions in the country, EPA Administrator Michael Regan said. (AP Photo/Gerald Herbert, File)

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Stock market today: Wall Street opens higher, trimming its losses for the week

2024-05-02 21:38 Last Updated At:21:40

NEW YORK (AP) — Stocks are opening higher on Wall Street to trim their losses for the week. The S&P 500 was up 0.7% in early trading Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates, but not planning to raise them. The Dow Jones Industrial Average was up 224 points, and the Nasdaq composite was up 1%. Qualcomm rose after topping forecasts for profit and revenue in the latest quarter. Carvana soared after the used-car seller reported much better results than analysts expected. Treasury yields were mixed in the bond market.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Wall Street continued to push higher Thursday after markets swung to a mixed finish a day earlier on news that the Federal Reserve was delaying cuts to interest rates.

Futures for the S&P 500 surged 0.6% before the bell, while futures for the Dow Jones Industrial Average were 0.4% higher.

On Wednesday, Federal Reserve Chair Jerome Powell said it will likely take “longer than previously expected” to get confident enough to cut rates, a move that would ease pressure on the economy and investment prices.

At the same time, Powell said it was unlikely that a rate hike was coming at the Fed's next policy meeting in June, calming fears swirling in the market.

Traders themselves had already downshifted their expectations for rate cuts this year to one or two, if any, after coming into the year forecasting six or more.

Powell had already hinted rates may stay high for a while. That was a disappointment for Wall Street after the Fed earlier had indicated it was penciling in three cuts to rates during 2024.

In premarket equities trading, DoorDash tumbled 11% after the food delivery app issued a profit forecast that came in below analyst targets. Investors also seemed concerned about rising costs for the company, which said it increased both marketing and research spending during the quarter.

Carvana jumped 38% in off-hours trading after the online used car dealer trimmed its losses by selling a record number of cars last quarter.

Connected exercise company Peloton rose 7.8% before the bell after it announced that it's cutting about 400 employees worldwide, or 15% of its headcount, as part of a restructuring effort. The New York company, whose shares hit all-time lows last week around $3 each, also said its CEO Barry McCarthy is stepping down.

Now that the Fed rate decision has passed, outside of corporate earnings investors will be focused on labor market data. Coming later Thursday is the government's latest weekly tally of layoffs, followed by its more comprehensive April jobs report on Friday.

The labor market appears to be softening in recent months, one of the Fed's goals in its bid to corral inflation. Earlier this week, the government reported that job openings fell to their lowest level in three years.

In Europe at midday, London’s FTSE 100 was up 0.4%, Germany’s DAX edged 0.1% lower and the CAC 40 in Paris lost 0.7%.

Tokyo’s Nikkei 225 index slipped 0.1% and closed at 38,236.07.

The Japanese yen surged as much as 2% in early Asia hours Thursday, driven by speculation of another round of yen-buying intervention by Japanese authorities and a weaker U.S. dollar following the Fed meeting. Later, the yen reversed its course and erased most of those gains. The dollar was trading at 154.81 yen, down from 154.91 yen.

In South Korea, the Kospi was down 0.3% to 2,683.65 after official data showed consumer prices in April rose 2.9% year on year, a slower pace compared to March.

Hong Kong’s Hang Seng index added 2.4% to 18,187.56. Other markets in China remained closed for the Labor Day holiday.

Elsewhere, Australia’s S&P/ASX 200 advanced 0.2% to 7,587.00.

In energy trading, benchmark U.S. crude ended three days of declines, climbing 71 cents to $79.71 a barrel. Brent crude, the international standard, was up 82 cents to $84.26 a barrel.

In currency trading, the euro cost $1.0703, down from $1.0709.

On Wednesday, the S&P 500 fell 0.3% to 5,018.39. The index had rallied as much as 1.2% after the Fed's news conference, but gave up those gains at the end of trading. The Dow Jones Industrial Average rose 0.2% to 37,903.29, and the Nasdaq composite lost 0.3% to 15,605.48.

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Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)

A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, May 2, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, May 2, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm as pedestrians are reflected on a glass window Thursday, May 2, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm as pedestrians are reflected on a glass window Thursday, May 2, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, May 2, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, May 2, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

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