Valero Agrees To Pay $232M To Cut Emissions

Law360, New York (August 20, 2007, 12:00 AM EDT) -- Valero Energy Corp. has agreed to pay $232 million to upgrade pollution controls at three energy refineries, making improvements that are expected to cut out thousands of tons of emissions.

Valero will also pay a $4.25 million penalty to settle claims by the U.S. Department of Justice and Environmental Protection Agency related refineries in Tennessee, Ohio and Texas, which once belonged to Premcor Inc. and which Valero bought in 2005, the DOJ said on Thursday.

“Today's settlement is good news for people living near these refineries;...
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