Arab Today, arab today anadarko petroleum strikes deal with justice department for 51bn
Last Updated : GMT 18:24:24
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.

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*

Arab Today, arab today anadarko petroleum strikes deal with justice department for 51bn Arab Today, arab today anadarko petroleum strikes deal with justice department for 51bn

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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