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Article: News From DuPont Shareholders for Fair Value: Investors Send DuPont Management a Message, Loud and Clear-- Now is the Time to Move on Safer Alternatives to PFOA.
- Article from:
- Business Wire
- Article date:
- April 26, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WILMINGTON, Del. -- News From DSFV: Shareholders today sent the management of E. I. du Pont de Nemours and Company (NYSE:DD) a resounding message that the company is not moving quickly enough to end the use of perfluorooctanoic acid (PFOA).
27.3% of investors voted in favor of a resolution filed by Amalgamated Bank's LongView Collective Investment Fund asking management to report on options to accelerate the company's phaseout of the use of PFOA. PFOA is used in production of Teflon(R) cookware and grease and stain repellent coatings for carpets, textiles and fast-food wrappers, and is of concern due to persistence in the environment and potential health effects ...