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GE study: No need to expand Hudson River cleanup
ALBANY, N.Y. (AP) -- General Electric Co. says a study requested by New York state Comptroller Thomas DiNapoli shows no need to expand dredging already underway in a portion of the upper Hudson River contaminated with PCBs.
GE says Friday the scientific and legal analysis shows wildlife is thriving in the area and any concern about the company getting hit with future liabilities for environmental damage is speculative. GE released the PCBs into the river decades ago.
DiNapoli had asked for the review in a shareholder resolution as trustee of the state pension system. He withdrew the resolution after Fairfield-Conn.-based GE agreed to the study earlier this year.
GE just completed a fourth season of dredging as part of a federal Superfund project. It says it's spent more than $1 billion so far.
A DiNapoli spokesman had no initial comment.