The U.S. Environmental Protection Agency has agreed to speed up its study of whether General Electric's massive $2 billion six-year dredging project on the Hudson River was effective in cleaning up PCB contamination.
Environmental groups contend contamination remains at unsafe levels. Two other federal agencies, the National Oceanic and Atmospheric Administration and the U.S. Fish and Wildlife Service, also say cleanup is not over. They're calling for about 130 acres of dredging beyond the original 500 acres.
There was no immediate comment from GE.
The shares of the company could be pressured if the U.S. Environmental Protection Agency found violations or irregularities in the implementation of the project.
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