AMAZING GRACE (continued)
Yesterday, we had reached the part in the story where the Seattle-Post Intelligencer exposed the terrible truth about what was going on at the W R Grace works in Montana.
Within a week of the story breaking, the US Environmental Protection Agency were all over Libby like a rash. Scandal wasn't new to the Grace story. The company had at one time been notorious due to its shady dealings with former Nazis. Then, in the 1980's, J Peter Grace, a company executive, was allegedly able to put paid to an EPA investigation into health problems associated with the vermiculite industry, due to the authority he wielded as head of President Reagan's Grace Commission.
Millions of buildings are insulated with Zonolite and it is known that W R Grace supplied asbestos contaminated vermiculite for fire-proofing the World Trade Center. That is why, when the air was tested by the EPA after the 9/11 outrage, dangerously high levels of asbestos were found in the air of lower Manhattan.
More than 124,000 claims have been filed against the Company and tens of thousands of lawsuits get filed every year. Because asbestos related illnesses have such a long latent phase, it is likely that this will be the situation for years to come. However, not content with their notoriety for the cover up, in 2001 W R Grace filed for Chapter 11 bankruptcy. In simple terms, this means that they are protected from their creditors while they restructure their business. In this case, however, their creditors are the sick and the dying - people who are terminally ill due to the cover up. These people don't have long to wait, yet it has been estimated that even coming up with an estimate for the damages could take until 2010.
