Formosa Steel owns up to toxic spill, agrees to pay Vietnam $500 Million
30 Jun 2016
The owners of Taiwan’s Formosa Ha Tin steel mill…admitted that toxic chemicals discharged from their massive industrial plant in the Vung Ang Economic Zone caused one of largest environmental disasters in Vietnam’s history and offered $500 million in compensation.
A Vietnamese government investigation into the April spill determined that the release of toxic chemicals including cyanide from the plant caused the fish kill and the company, a subsidiary of the Formosa Plastics Group, apologized for the spill…
The spill caused as estimated 70 tons of dead fish to wash up on the shores of Vietnam’s central coast starting in early April. An untold number of people were sickened when they ate the fish, and the disaster sparked rare protests across Vietnam, creating a crisis for the government…