The U.S. Environmental Protection Agency announced an agreement with Phelps Dodge, Texaco, BP, National Grid, ExxonMobil, and the City of New York to begin the first phase of the Superfund cleanup of Newtown Creek. The agreement includes an investigation of the contamination in Newtown Creek and a study that will outline options to clean up the contamination. In the parlance of Supefund this is known as the RI/FS or Remedial Investigation and Feasibility Study. For the complete EPA press release click here.