Phillips 66 Pays Utah $2M To Settle Cleanup Fund Suit

Law360, New York (January 10, 2014, 6:07 PM EST) -- Phillips 66 Co. has paid $2 million to Utah to settle allegations that it unlawfully took money from a state fund to pay for cleanup costs stemming from leaking storage tanks despite already having its own environmental pollution insurance, the state said Friday.

Utah sued Phillips 66 and other companies, including Chevron Corp. — which, in December 2012, settled for $1.8 million — for allegedly receiving a number of payments from Utah’s Petroleum Storage Tank Fund, which is managed by the state’s Division of Environmental Response...
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