anadarko petroleum strikes deal with justice department for 51bn
Last Updated : GMT 20:41:34
Arab Today, arab today
Arab Today, arab today

Anadarko Petroleum strikes deal with Justice Department for $5.1bn

Arab Today, arab today

Arab Today, arab today Anadarko Petroleum strikes deal with Justice Department for $5.1bn

Washington - UPI

Anadarko Petroleum has agreed to a $5.1 billion settlement with the U.S. government for the cleanup of polluted sites and to compensate other claimants. In what the Justice Department is calling the largest environmental enforcement recovery in history, Anadarko will take responsibility for environmental damage caused by Kerr-McGee, an Oklahoma energy and chemical company that is now a subsidiary of Anadarko. "Through a lot of hard work, we uncovered this fraud and recovered over $5 billion for the American people," Deputy Attorney General James Cole said in announcing the settlement. "This settlement demonstrates the Justice Department's firm commitment to preventing and combating all forms of fraud and to securing environmental justice." The U.S had initially sought $25 billion to clean up 2,772 sites and compensate about 8,100 claimants. But after the settlement, $4.4 billion will be used on cleanup and the rest will be used to compensate 2,772 personal-injury claimants. The cases dates back to 2005 when Kerr-McGee spun off its chemical business and transferred environmental liabilities to Tronox, and three months later sold its soil and gas businesses to Anadarko. Tronox had to file for bankruptcy, after having to deal with Kerr-McGee's environmental blunders. Shortly after filing for bankruptcy, Tronox sued Anadarko and Kerr-McGee for improperly dumping all environmental liabilities on Tronox before the Anadarko deal. The Justice Department and the Environmental Protection Agency joined in the Tronox suit, saying that Anadarko was the true creditor of for the damages. Anandarko will pay the $5.1 billion in exchange for release from all other claims brought against Kerr-McGee.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

anadarko petroleum strikes deal with justice department for 51bn anadarko petroleum strikes deal with justice department for 51bn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

anadarko petroleum strikes deal with justice department for 51bn anadarko petroleum strikes deal with justice department for 51bn

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday