Kinder Morgan Pays $5.3M For California Oil Spills

Law360, New York (May 22, 2007, 12:00 AM EDT) -- Kinder Morgan Energy Partners plans to shell out $5.3 million in penalties and damages over three oil spills in Northern California waterways.

The Environmental Protection Agency said Monday the Houston-based fuel company has agreed in a settlement to pay a $3.7 million civil fine as well as $1.3 million to cover the cost for federal and state agencies to clean up the spills that leaked into Suisun Marsh, Oakland’s inner harbor and Summit Creek near Lake Tahoe.

The settlement was submitted in the U.S. District Court...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.