Exxon Settles Air Pollution Lawsuit, Will Pay $2.5 Million in Fines, $300 Million for Technology Upgrades
The oil giant's agreement to pay $300 million to outfit oil and gas plants in Texas and Louisiana with pollution-control technology follows allegations that the company violated the Clean Air Act by releasing harmful pollutants at those plants. Exxon will also pay $2.5 million in fines.
While the Trump administration is touting the decision as evidence it can crack down on polluters, environmentalists cautioned that the case against Exxon was in the works for years, and some groups criticized the punishment as too light considering the extent of the allegations against the company.
As reported by the Washington Examiner:
"The anti-fossil fuel group 350.org called the fine 'a slap on the wrist' from the 'fossil-fueled Trump administration,' according to Lindsay Meiman, the group's head of communications. 'These mild fines are tiny compared to the colossal wealth of fossil fuel elites, and will only embolden Exxon and its ilk in exploiting our planet for profit.'"
For a deeper dive:
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By David Drake and Jeffrey York
The Research Brief is a short take about interesting academic work.
The Big Idea
People often point to plunging natural gas prices as the reason U.S. coal-fired power plants have been shutting down at a faster pace in recent years. However, new research shows two other forces had a much larger effect: federal regulation and a well-funded activist campaign that launched in 2011 with the goal of ending coal power.
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