Nalco Statement Regarding Disclosure of Information about COREXITThe New York Times erroneously reported today that Nalco (NYSE:NLC) has refused to disclose the chemical formula for COREXIT. The fact is that Nalco has provided the Federal Government with all information relating to the chemicals and compounds in our product and is willing to provide this data to any state government who wants the information to analyze the effects of dispersants.
We have complied with every request for information and assistance we have received from the Federal Government and will continue to do so as we help mitigate the damaging consequences of the oil spilling into the Gulf.
The EPA has continued to approve the use of COREXIT for use in the Gulf of Mexico, and its monitoring has revealed its effectiveness and limited environmental impact. The EPA continues to call the product safe and effective and has acknowledged, in Congressional testimony yesterday, that COREXIT is biodegradable.