Skip to main content

EPA Warns of Safety Risk in Exide Bankruptcy Loan Deal

Submitted by webadmin on

The U.S. Environmental Protection Agency added its voice to the chorus of regulators worried battery maker Exide Technologies Inc.'s bankruptcy loan poses a threat to public health and safety, Dow Jones Daily Bankruptcy Review reported today. California, Louisiana and Texas regulators have already weighed in with concerns about Exide, which recycles lead acid batteries to get the raw material for its products. On Tuesday, it was the federal government's turn to speak out, with a warning lenders have Exide on such a tight financial leash that it won't be able to act in the event of an environmental disaster.