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"Exxon Agrees to Pay U.S. Fine in Settling 2013 Oil Sands Spill"

"ExxonMobil Corp. agreed to pay more than $5 million, including a federal fine, as part of a settlement for the 2013 rupture of a pipeline in Arkansas that was carrying oil sands from Canada.

Exxon’s Pegasus pipeline failed in March 2013, spewing 134,000 gallons of oil in a suburban housing development near Mayflower, Arkansas. The pipeline hasn’t been used since then.

In addition to the $3.19 million federal fine, Exxon must comply with a series of government requirements, including placing spill-response equipment in three places along the pipeline route, before it can reopen, the Environmental Protection Agency said Wednesday in a statement. The company also must pay state and local fines of $1.88 million."

Mark Drajem reports for Bloomberg News April 22, 2015.

Source: Bloomberg, 04/23/2015