A dozen oil companies agreed to pay $423 million in cash plus clean-up costs to settle litigation over groundwater contamination from the gasoline additive, MTBE.
Thu 8 May 2008
Filed under: Marathon Oil Corp|MRO|NYSE, Chevron Corp|CVX|NYSE, Valero Energy Corporation|VLO|NYSE, Sunoco Incorporated|SUN|NYSE, California, Washington (DC), ConocoPhillips Inc|COP|NYSE, Royal Dutch/Shell Group|RDSA|NYSE, Environment, New York State, Oil (Petroleum) and Gasoline, Hazardous and Toxic Substances, BP Plc|BP|NYSE, Water Pollution, Suits and Litigation — @ 8:04 am