[Updated, 3:25 p.m. Jan. 29: "Formaldehyde is a ubiquitous, naturally occurring substance produced by every living organism," the American Chemistry Council's Formaldehyde Panel said in a statement. "Studies show that formaldehyde is readily biodegradable and does not accumulate in either the environment or in people. In the environment, formaldehyde is quickly broken down in the air by sunlight or by bacteria in soil or water."]