Archer Daniels Midland 2010 Annual Report Download - page 14

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10
Item 1.
BUSINESS (Continued)
Environmental Compliance
During the year ended June 30, 2010, $90 million was spent specifically to improve equipment, facilities, and
programs for pollution control and compliance with the requirements of various environmental agencies.
On July 31, 2009, the United States Environmental Protection Agency (U.S. EPA) issued a Notice of Violation
indicating that one of the Company‘s facilities in Memphis, Tennessee, may have violated section 311(j) of the
Clean Water Act relating to a release of product that occurred on January 2, 2008. The Company and the U.S. EPA
have reached a tentative agreement to resolve this matter which includes a penalty of approximately $120,000.
There have been no material effects upon the earnings and competitive position of the Company resulting from
compliance with federal, state, and local laws or regulations enacted or adopted relating to the protection of the
environment.
The Company‘s business could be affected in the future by national and global regulation or taxation of greenhouse
gas emissions. In the United States, the U.S. Environmental Protection Agency (Agency) has recently adopted
regulations requiring the owners of certain facilities to measure and report their greenhouse gas emissions, and the
Agency has begun a process to regulate these emissions under the Clean Air Act. The U.S. Congress is currently
considering climate change-related legislation which may include cap and trade provisions or a carbon tax.
Globally, a number of countries that are parties to the Kyoto Protocol have instituted or are considering climate
change legislation and regulations. Most notable is the European Union Greenhouse Gas Emission Trading System
(EU-ETS). The Company has several facilities in Europe that participate in this system. It is difficult at this time to
estimate the likelihood of passage, or predict the potential impact, of any additional legislation. Potential
consequences could include increased energy, transportation and raw material costs and may require the Company
to make additional investments in its facilities and equipment.
Number of Employees
The number of full-time employees of the Company was approximately 29,300 at June 30, 2010.
Financial Information About Foreign and Domestic Operations
Item 1A, ―Risk Factors,‖ and Item 2, ―Properties,‖ includes information relating to the Company‘s foreign and
domestic operations. Geographic financial information is set forth in ―Note 15 of Notes to Consolidated Financial
Statements‖ included in Item 8 herein, ―Financial Statements and Supplementary Data‖.
Available Information
The Company‘s internet address is http://www.adm.com. The Company makes available, free of charge, through
its internet site, the Company‘s annual reports on Form 10-K; quarterly reports on Form 10-Q; current reports on
Form 8-K; Directors and Officers Forms 3, 4, and 5; and amendments to those reports, as soon as reasonably
practicable after electronically filing such materials with, or furnishing them to, the Securities and Exchange
Commission (SEC).
In addition, the Company makes available, through its Internet site, the Company‘s Business Code of Conduct and
Ethics, Corporate Governance Guidelines, and the written charters of the Audit, Compensation/Succession,
Nominating/Corporate Governance, and Executive Committees.
References to our website addressed in this report are provided as a convenience and do not constitute, or should
not be viewed as, an incorporation by reference of the information contained on, or available through, the website.
Therefore, such information should not be considered part of this report.