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Formosa Unit Offers $500 Million for Causing Toxic Disaster in Vietnam

One of the biggest environmental disasters to hit Vietnam was caused by a unit of a Taiwanese conglomerate leaking toxic waste into the sea, the Hanoi government said Thursday, ending months of mystery and rare public outrage. Formosa Ha Tinh Steel, a subsidiary of Formosa Plastics, has promised $500 million in damages and admitted that its $10.6 billion steel plant had caused massive fish deaths along a 200-km (124-mile) stretch of coastline that occurred in April, the government...

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