What is Dow up to? Their proxy statement filed with the SEC misrepresented the facts relating to dioxin contamination of the Saginaw River watershed.

In the proxy the company responded to a shareholder resolution filed by the Sisters of Mercy of Detroit, requiring the company to be more transparenct about progress on handling of dioxin contamination in the watershed.

In fighting the resolution the company misrepresented the facts supporting it, including details of the Michigan Department of Community Health fish consumption advisory regarding fish taken from the river.

Apparently dioxin, a carcinogen, requires clean up at levels of 90 parts per trillion. According to the Michigan Messenger report, the Sisters of Mercy resolution notes that "At points in the Saginaw River watershed, the contamination level has been found to be as high as 1.6 million parts per trillion."

Why is there even any debate here?

The Messenger reports that "approximately 28.5 percent of shareholders voted in support of the resolution".