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Exxon Mobil Slapped With $6.1 Million Fine

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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:06 PM
Original message
Exxon Mobil Slapped With $6.1 Million Fine
Exxon Mobil Slapped With $6.1 Million Fine

WASHINGTON - Exxon Mobil Corp. has agreed to pay an additional $6.1 million penalty after it reneged on a promise to cut air pollution from four refineries in California, Louisiana and Texas, the Justice Department said Wednesday.

The payment stems from an agreement between the government and Exxon Mobil in 2005 - part of a broader push by the Environmental Protection Agency to reduce air pollution from refineries - in which the company agreed to pay $14.4 million in civil penalties and community-related environmental projects, while also installing new air pollution controls at the refineries.

But Justice and EPA officials said Wednesday that Exxon Mobil violated the agreement by not adequately reducing smokestack sulfur pollution at the refineries as it had promised to do.

Exxon Mobil said in a statement that the company identified the ongoing sulfur emission problem and brought the matter to the EPA's attention.

"Environmental impacts associated with this item were very minor," Prem Nair, a spokeswoman for Exxon Mobil's offices in Fairfax, Va., wrote in an e-mail. She said the emission problems have been corrected and the company now meets the required EPA standard at the refineries in Beaumont and Baytown, Texas, Torrance, and Baton Rouge, La.

But the Justice Department saw the matter as a bit more serious.

more...

http://www.commondreams.org/headline/2008/12/18-1
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ck4829 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:08 PM
Response to Original message
1. Exxon responds: "Waaaaah!!!! We'll never be able to pay this!!!!"
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Blaze Diem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:12 PM
Response to Reply #1
4. Expect gas prices to spike following this ruling.
Exxon will recover this loss.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:18 PM
Response to Reply #4
5. Exxon had $40 Billion in profits in 2007. Just to put this into perspective.
Walking around money...
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librechik Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:10 PM
Response to Original message
2. ouch --some millionaire CEO is going to have to pinch pennies
LOL--that's lunch money to them
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:11 PM
Response to Original message
3. "Cost of doing business". Big whoop. nt
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madinmaryland Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:20 PM
Response to Original message
6. WOW!! THAT"S REAL IMPRESSIVE!! SERIESLY!
Edited on Thu Dec-18-08 02:20 PM by madinmaryland
With their $37 billion dollars in profit, it will take them the equivalent of 1 hour and 26 minutes to pay that fine out their profits.

Greed, greed, greed.
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TheCowsCameHome Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 02:58 PM
Response to Original message
7. Wow. Five minutes profit down the drain.
They'll never recover from this beating.
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FriendlyReminder Donating Member (174 posts) Send PM | Profile | Ignore Thu Dec-18-08 03:35 PM
Response to Original message
8. Pocket change. Come on, make them really hurt!!!!
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margotb822 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 03:37 PM
Response to Original message
9. Let's hope they actually collect it!
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 04:25 PM
Response to Original message
10. a drop in the bucket..
they'll probably appeal it and have the fine reduced to under a million.
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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-18-08 05:18 PM
Response to Original message
11. WOW that could be devastating to them
They have ONLY been making a Net Profit of One Hundred and Fifty Million Dollars a DAY for the last quarter....
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