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ExxonMobil Pipeline Co. to Pay $1.4 Million to Settle Alleged Clean Water Act Violation -- Update

(ADDS comment from ExxonMobil Pipeline in 3rd graf.) By Anna Prior Exxon Mobil Corp.'s (XOM) pipeline company has agreed to pay a civil penalty of about $1.4 million to settle an alleged violation of the Clean Water Act, the Department of Justice and Environmental Protection Agency said Tuesday. The alleged violation stems from a 2012 crude oil spill from the company's "North Line" pipeline near Torbert, La., the agencies said. ExxonMobil Pipeline confirmed it has entered a consent decree with EPA to resolve the claims and said the settlement avoids protracted litigation between the parties The U.S.'s complaint alleges that ExxonMobil Pipeline Co. discharged at least 2,800 barrels of crude oil, which spilled into the surrounding area and flowed into an unnamed tributary connected to Bayou Cholpe. The $1.4 million penalty is in addition to the costs incurred by ExxonMobil to respond to the oil spill and to replace the segment of ruptured pipelines, the Justice Department and EPA said, adding that the company is completing cleanup actions. "Oil spills into our nation's waters endanger public health and the environment and warrant concerted enforcement efforts," said Sam Hirsch, Acting Assistant Attorney General for the Justice Department's Environment and Natural Resources Division. "Today's settlement achieves a just result and furthers our enforcement mission." Write to Anna Prior at anna.prior@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
02/11/201607:19:00Total Trims Loss, To Reduce Capital Spending--2nd Update
02/11/201607:01:00Total Trims Loss, To Reduce Capital Spending -- Update
02/10/201616:31:54Statement of Changes in Beneficial Ownership (4)
02/10/201610:20:11Amended Statement of Ownership (sc 13g/a)
02/10/201609:38:24Amended Statement of Ownership (sc 13g/a)
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02/03/201603:02:00Crude Slump Pressures Exxon, BP

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