Retail

EPA Settles Complaint Against Tyson Foods

Pigs
Thinkstock
The U.S. Environmental Protection Agency (EPA) today announced a consent decree in a complaint against Tyson Foods Inc. (NYSE: TSN) related to multiple releases of anhydrous ammonia at 23 Tyson facilities in 4 states. The settlement includes payment of a fine totaling $3.95 million among other actions that Tyson must take.

The releases of anhydrous ammonia resulted in multiple injuries, property damage, and one fatality according to the EPA. Anhydrous ammonia is classified as an “extremely hazardous substance” under regulations promulgated by the U.S. Clean Air Act.

In addition to the fine, Tyson has agreed to purchase $300,000 worth of emergency response equipment for communities in which the company operates. The company will also be required to conduct third-party audits and must correct any violations found by the auditors and certify that the work has been completed.

According to the EPA, Tyson’s various facilities hold a combined inventory of 1.7 million pounds of anhydrous ammonia, a poisonous gas exposure to which can cause temporary blindness and eye damage as well as other symptoms. Prolonged exposure to the substance can cause serious lung damage and, in extreme cases, death.

Shares of Tyson are down about 2.9% at $23.99 in a 52-week range of $14.07 to $25.10.

Is Your Money Earning the Best Possible Rate? (Sponsor)

Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.

However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.

There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.