Honeywell touts itself as a company dedicated to improving the quality
of peoples’ lives and making the world and safer and more secure
place to live. However, Honeywell’s actions speak louder than words.
Alex Formuzis of the Environmental Working Group
reports on the Huffington Post Blog, that Honeywell is the number one contributor to members of congress seeking
to limit the rights of persons suffering from deadly asbestos disease,
including mesothelioma, through the passing of the so-called “FACT Act.”
Honeywell’s support for this measure stems from the fact that it
has paid out more than $1.1 billion in asbestos damages since 2010. Not
due to fraud, but because the company knowingly exposed workers and consumers
Supporters of FACT assert that that it’s necessary because victims
are “double-dipping” and receiving compensation from multiple
sources. These words sound compelling, but the real “FACT”
is that asbestos disease results from the cumulative effect of all exposures
to asbestos which occur in a person’s life. A lifetime of asbestos
exposures almost always involves many different asbestos products. It
is well within a person’s legal rights to seek compensation from
each and every product involved in his or her asbestos exposures.
The effort to pass FACT is simply the latest example of companies such
as Honeywell, which made untold millions from toxic asbestos products,
spending untold millions to limit liability their liability to those whose
lives they’ve ruined.
FACT would delay and limit the claims that asbestos disease sufferers can
assert. It would also drain the resources of existing asbestos bankruptcy
trusts by requiring them to issue quarterly reports and allow companies
named in asbestos suits to demand information relating to any and all
victims’ claims at any time. All of this ultimately accomplishes
one thing these companies greatly want, limiting a victim’s right
As Mr. Formuzis states in his blog:
The bitter irony is inescapable: A company dedicated to protecting Americans
is one of the biggest supporters of a bill that would put many Americans,
including its own customers, at risk. You can bet you won't see a
TV commercial advertising that fact. Honeywell should be ashamed.