The Environmental Protection Agency announced Tuesday a settlement agreement with Chevron Puerto Rico, LLC through which the company will spend some $5.2 million to improve leak detection methods and operations at some 100 Texaco service stations. The company will also pay a $600,000 penalty.
The island’s lack of a policy to protect against power failures and outages, energy fluctuations, and electricity quality problems that damage equipment is detrimental to business investments and triggers significant losses, Enrique Chávez, sales director for Mexico, Central America and the Caribbean of Eaton Corporation’s power quality division.
Pharmaceutical companies doing business in Puerto Rico will not show any significant growth this year, pressured by upcoming patent expirations and underperforming economic conditions, Irish research firm Research and Markets said in its most recent industry report.
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