EPA sets lower environmental penalties for new business owners.

The article reports that the U.S. Environmental Protection Agency (EPA) announces its reductions in environmental penalties for business owners that self-audit and correct any discovered violations. It states that under the new interim policy, the new owners of existing businesses may receive even greater penalty reductions for correcting and disclosing a wider range of violations. It notes that the agency is accepting public comment until October 30, 2008.