ExxonMobil Agrees To $12M Settlement Over Montana Oil Spill

Thursday, September 22nd, 2016 Excess & Surplus Lines

ExxonMobil Corp. has agreed to pay $12 million to Montana and the U.S. government to restore natural resources damaged or destroyed by a pipeline rupture in 2011 that spilled oil into the Yellowstone River, according to a settlement proposed on Wednesday. ExxonMobil Pipeline Company’s Silvertip pipeline burst July 1, 2011 at a crossing beneath the flood-swollen Yellowstone River near Billings, Montana, about 150 miles (241 km) downstream from Yellowstone National Park. The release of 1,500 barrels of crude oil affected 85 miles of a river known for its near pristine waters, wealth of wildlife and world-class fisheries.

Under the agreement unveiled Wednesday, funds from Exxon would be used to mitigate harm caused by the spill to fish, wildlife, migratory birds and aquatic habitat.


External References & Further Reading
http://www.reuters.com/article/us-exxon-mobil-montana-spill-idUSKCN11R29O
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