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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:
EcoWatch Daily Newsletter
By Cathy Cassata
Are you getting your fill of Starbucks' new Almondmilk Honey Flat White, Oatmilk Honey Latte, and Coconutmilk Latte, but wondering just how healthy they are?
1982 American Petroleum Institute Report Warned Oil Workers Faced 'Significant' Risks From Radioactivity
By Sharon Kelly
Back in April last year, the Trump administration's Environmental Protection Agency decided it was "not necessary" to update the rules for toxic waste from oil and gas wells. Torrents of wastewater flow daily from the nation's 1.5 million active oil and gas wells and the agency's own research has warned it may pose risks to the country's drinking water supplies.
The mounting climate emergency may spur the next global financial crisis and the world's central banks are woefully ill equipped to handle the consequences, according to a new book-length report by the Bank for International Settlements (BIS), as S&P Global reported. Located in Basel, Switzerland, the BIS is an umbrella organization for the world's central banks.