Exxon Mobil Sued for Arkansas Pipeline Break

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Oil spill
Thinkstock
A crude oil pipeline owned by Exxon Mobil Corp. (NYSE: XOM) ruptured on March 29 in Mayflower, Ark., just outside Little Rock, as much as 19,000 barrels of heavy crude spilled into the streets and yards. The Pegasus pipeline is still out of service.

Late yesterday the state attorney general and the U.S. Environmental Protection Agency (EPA) sued the company for improper waste storage and water contamination related to Exxon’s action during the clean-up effort. The company is charged with storing contaminated material alongside a highway without a permit, which could cost Exxon $25,000 per violation.

The suit also seeks penalties for violations of state and federal clean air and water laws and penalties could cost Exxon another $10,000 per violation per day. The attorney general said:

This spill disrupted lives and damaged our environment. As the party responsible for this incident, Exxon is also responsible for the penalties imposed by the state for the damage to our environment and the company should foot the bill for the state’s clean-up costs.

Residents affected by the spill have filed a class-action suit seeking $5 million in damages from Exxon.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618