Hints and tips:
...The letter says that: “Manufacturers and users of PFAS chemicals are exposed to deep liability and insurance risks, reminiscent of those historically linked to asbestos.”...
...Georgia Pacific was the first company to use a contentious legal manoeuvre called the “Texas two-step” to manage billions of dollars of legal claims from people alleging its products containing asbestos...
...There is a part of Georgia-Pacific as well as Trane Technologies and Saint-Gobain....
...“We continue to stand behind the safety of Johnson’s Baby Powder, which is safe, does not contain asbestos and does not cause cancer.”...
...For example, last year Georgia-Pacific paid $2.5bn in dividends to Koch Industries even though it spun off a unit facing thousands of asbestos claims in 2017....
...Several companies facing asbestos-related claims, including Georgia-Pacific, a US unit of France-based Saint-Gobain and Trane Technologies, have deployed the same “Texas two-step” bankruptcy scheme as J&...
...The first of these cases was filed in 2017 by Georgia Pacific, a subsidiary of privately held Koch Industries which still faces billions of dollars of asbestos claims....
...It has also enraged personal injury lawyers, politicians and claimants, some of whom are very sick with cancers they allege are linked to asbestos exposure....
...Take asbestos, which was widely used for fire prevention before its dangers to health became known. “We used it with joy before we ripped it all out....
...The Cleveland-based firm has successfully marketed the Texas two-step to four companies facing asbestos-related litigation — J&J, Georgia-Pacific, a US unit of France-based Saint-Gobain and Trane Technologies...
...They have used the scheme to shield their main businesses from legal claims linked to asbestos claims....
...J&J has denied its talc contains asbestos and can cause cancer....
...The firm has successfully marketed the Texas two-step to Koch Industries’ manufacturer Georgia-Pacific (which battled its own asbestos claims in 2017) as well as the US unit of France-based Saint-Gobain,...
...Koch Industries’ Georgia-Pacific is using a similar manoeuvre to try to limit its liabilities against asbestos claims....
...J&J is not the first to use it: Koch Industries’ Georgia-Pacific tried it following asbestos claims; its bankruptcy is still pending in the courts....
...There are at least two precedents of the “Texas two-step”, including one involving a subsidiary of Koch Industries called Georgia-Pacific, which separated asbestos related claims into a separate company...
...Letter in response to this article: Asbestos payouts are a harbinger of costs of climate inaction / From David Pitt-Watson, Visiting Fellow, Judge Business School, University of Cambridge, Former Chair,...
...Originally planned for Istanbul’s historic Haliç shipyards, the discovery of asbestos a month before the opening meant that more than 35 artists shifted to Antrepo 5....
...Restoring it has proved more difficult than expected, partly because of strict heritage rules and complications with asbestos....
...Johnson and Johnson shares tumbled more than 10 per cent after reports that the company had known for years that its baby powder contained asbestos....
...Its first private owner hoped to fill it with rollercoasters and waterfalls — but failed to overcome the potentially lethal asbestos....
...Workplace pollution is responsible for a diverse range of non-infectious problems such as lung cancer and mesothelioma in people exposed to asbestos and bladder cancer in dye workers....
...A poster from the Mao era hangs near the entrance to the Chongqing Asbestos Factory, depicting a burly worker exhorting all to “strive to build the nation into a modern and powerful socialist country!”...
...Corning fell on bad times in part as the outcome of asbestos litigation and its consumer products division was spun off to raise capital to settle claims from litigants in the 1990s....
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