By Marc Levy

Norfolk Southern has pledged several million dollars to cover the cost of the response and recovery in Pennsylvania after last month's derailment of a train carrying toxic chemicals just across the border in Ohio, Gov. Josh Shapiro said Monday.

Shapiro's office said he met with Norfolk Southern CEO Alan Shaw on Thursday and secured an initial commitment for financial aid as the cleanup from the Feb. 3 derailment continues.

Norfolk Southern has made similar pledges to Ohio, and the U.S. Environmental Protection Agency has ordered the company to cover the costs of cleanup from the derailment that toppled 38 rail cars in East Palestine, Ohio.

No one was hurt, but concerns that the chemicals could explode led state and local officials to approve releasing and burning toxic vinyl chloride from five tanker cars and to evacuate half of East Palestine and the surrounding area near the Pennsylvania border. Shapiro said Norfolk Southern will pay $5 million to reimburse fire departments for equipment that was contaminated or damaged and $1 million to Beaver and Lawrence counties to help business owners and residents whose livelihoods were damaged.

Another nearly $1.4 million will go to state agencies that responded, including for setting up a health clinic for residents, Shapiro said.

Shapiro's office said he will push Norfolk Southern to cover any additional costs that accumulate.

In Ohio, Norfolk Southern previously announced more than $1 million to replace fire equipment used in the response to the fiery wreck, plus $1 million for East Palestine and more than $1.2 million for evacuation costs for nearly 900 families and businesses.

The company has said it is “committed to coordinating the cleanup project and paying for its associated costs,” and wants to ensure that East Palestine’s residents and natural environment recover.

Federal and state officials have repeatedly said it’s safe for evacuated residents to return to the area and that air testing in the town and inside hundreds of homes hasn’t detected any concerning levels of contaminants. However, some residents say they’re still suffering from illnesses nearly a month later.

Share:
More In Politics
Legal Questions Swirl as States Push Back Against Biden COVID Vaccine Mandate
The Biden Administration's mandate for COVID vaccinations by large employers has been put on hold by federal courts as GOP-led states and some businesses push back on the order's legality. Jonathan Adler, a law professor at Case Western Reserve University, joined Cheddar to discuss the legal challenges to implementing such mandates through OSHA (Occupational Safety and Health Administration). "Certainly expanding vaccinations is a good thing, and as vaccination rates go up that's better for all of us," Adler said. "But there are some legal questions about whether or not it's appropriate to use a law about occupational safety and health as the means to do that."
Elon Musk Asks Twitter: Should I Sell Tesla Stock?
Elon Musk asked Twitter if he should sell about $20 billion worth of his Tesla stock and about 58 percent of those who answered said yes. The Tesla CEO pledged to abide by the results of the poll, whichever way it went. Arun Sundararajan, NYU Stern professor & author of "The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism," joined Cheddar to discuss what the Twitter poll says about America's attitude towards billionaires and the nation's tax system.
As the Fed Sets a Taper Date, Consumers Hope for a Decrease in Inflation
The Federal Reserve finally announced its taper plan on Wednesday saying that it planned to scale back on bond purchases as growth slows, and would not rush to raise interest rates. Ross Mayfield, Investment Strategy Analyst at Baird spoke on whether or not a decrease in inflation could be in the country’s future amidst comments made by Fed chairman Jerome Powell. Baird also broke down ADP jobs numbers ahead of the Labor Department's October jobs report.
Load More