Exxon, EPA Settle For $2.6M Over Chemical Leakage

Law360, New York (August 25, 2008, 12:00 AM EDT) -- Exxon Mobil Corp. has agreed to pay $2.64 million as part of a settlement with the U.S. Environmental Protection Agency over alleged leaks of a banned toxic chemical on an offshore oil and gas platform near the Southern California coast.

The EPA said Thursday it took Exxon to task for allegedly mishandling the release of polychlorinated biphenyls, or PCBs, on a platform in the Santa Barbara Channel in violation of the Toxic Substances Control Act.

The man-made organic chemical is used in paints, plastics and cooling...
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