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Cost Benefit News covers legal, academic, and regulatory developments pertaining to the valuation of environmental amenities and disamenities, such as clean air, trees, parks, congestion, and noise. We apprise the reader about ways in which costs and benefits are measured, and the results of empirical studies. We hope that this information will allow public and private organizations to comprehend the risks and benefits of various actions, help disputants to resolve conflicts equitably and efficiently, and improve the quality of public policies. We will only discuss issues related to the empirical quantification of private and social costs and benefits and damages, and summarize information from daily newspapers, academic journals, legal publications, court decisions, professional newsletters commissioned studies, and on-line services. This newsletter is dedicated to the principle that all policies place values upon life, liberty, and the pursuit of happiness. We believe that more information, explicit specification of assumptions, and rigorous analysis can help our society to better meet these ends. This site will increasingly serve, in conjunction with others, as a valuation database. We will include a wide range of studies, including non-environmental reports, because omission of a factor effectively values it at zero, and biases decisions. Heavy traffic has caused several site crashes. We are attempting to correct these problems. Apologies for any inconvenience.
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Toxic polluters sue back

By CostBenefit on Mar 22, 2006 | In Contaminated Properties, Legal, Fines, Companies,CSR,Business,Finance, Real Estate Construction Housing, Economic Development and Green Jobs, New Jersey, Newspaper/Mag/TV/Media Story, Contamination Cost

Link: http://www.nj.com/news/jjournal/index.ssf?/base/news-1/1143022329194710.xml&coll=3

A pair of companies fighting state orders to clean up toxic waste in Hudson and Essex counties has unveiled a new defense strategy: blame the government. Both Occidental Chemical Corp. and Honeywell International, facing separate state lawsuits over contamination in the Passaic River and Jersey City, have accused state and local agencies of contributing to the pollution. The state sued Honeywell and two other companies last year for failing to clean up 33 chromium sites in Hudson and Essex counties. In May, Jersey City filed a lawsuit against Honeywell seeking more than $10 million in reparations for property tax revenues lost at the contaminated Roosevelt drive-in site on Route 440. On Monday, Honeywell sued Jersey City, the city's Municipal Utilities and Incinerator authorities, and the New Jersey Turnpike Authority in both state and federal court, alleging they helped spread toxic chromium waste by, for example, using it as fill when building sewers and roads like the Turnpike. The use of chromium waste as fill was common in Hudson County through the 1970s, as Honeywell's predecessors and other companies gave away millions of tons to construction contractors. Honeywell asked that the public agencies be required to share cleanup costs. By ALEXANDER LANE FOR FULL STORY GO TO: http://www.nj.com/news/jjournal/index.ssf?/base/news-1/1143022329194710.xml&coll=3 The Jersey Journal www.nj.com/news/jjournal

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Toxic polluters sue back