Apr 26, 2010
The Illinois Environmental Protection Agency (EPA) applied for $700,000 in U.S. stimulus money to enable Archer Daniels Midland to buy a million-dollar engine for a locomotive. The EPA says ADM doesn’t “have the needed capital.”
That’s a lie. ADM had a super-high 15.7% rate of profit on its stockholders’ investment last year. But even if it were true, why should workers’ taxes go to ADM to replace its polluting engine? ADM benefitted from it all these years. Let ADM pay to replace it.