Metalclad ends toxic waste disposal projects in Mexico

Metalclad Corp. has decided to discontinue its business in Mexico after failing twice to open much-needed toxic waste-disposal sites in the country. Mexico, which only has one functioning disposal site for toxic industrial waste, wants investment in more such facilities. But since Metalclad entered the Mexican market in 1991, the Newport, California company has seen one of its projects denied a municipal permit and a second dogged by public opposition. In an annual report issued this month, Metalclad says it will retain a disposal site in the state of San Luis Potosí pending resolution of a $90-million damage claim it filed against Mexico under the North American Free Trade Agreement. The 1997 claim, now before the International Centre for the Settlement of... [Log in to read more]

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