Marathon Oil reaches historic $241 million settlement with EPA—the largest-ever penalty for violating the Clean Air Act

Date:

Share:

[ad_1]

WASHINGTON — The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company’s oil and gas operations in the Fort Berthold Indian Reservation in North Dakota.

The Environmental Protection Agency and Department of Justice said the settlement requires Marathon to reduce climate- and health-harming emissions from those facilities and will result in over 2.3 millions tons worth of pollution reduction.

“This historic settlement — the largest ever civil penalty for violations of the Clean Air Act at stationary sources — will ensure cleaner air for the Fort Berthold Indian Reservation and other communities in North Dakota, while holding Marathon accountable for its illegal pollution,” said Attorney General Merrick B. Garland.

Marathon officials did not immediately respond to a request for comment.

While Marathon is the country’s 22nd-largest oil producer based on 2022 data, the federal agencies said, it’s also the seventh-largest emitter of greenhouse gas emissions in the oil and gas industry. Much of its emissions come from flaring, the industry practice of burning off waste gases, which also releases methane, a particularly potent contributor to climate change.

The settlement calls for Marathon to eliminate the equivalent of over 2.25 million tons of carbon-dioxide emissions over the next five years, which the agencies said was tantamount to taking 487,000 cars off the road for one year, and will also eliminate nearly 110,000 tons of volatile organic compound missions.

Subscribe to the CEO Daily newsletter to get global CEO perspectives on the biggest stories in business. Sign up for free.

[ad_2]

Source link

Subscribe to our magazine

━ more like this

Fire Watch Guard Duties: What They Actually Do When Safety Is on the Line

If your fire alarm system goes down in a commercial building, you don’t get to wait and see what happens. In most U.S. cities,...

Sports Betting Reddit Trends: What Smart Bettors Are Doing Differently

Introduction Over the past few years, Reddit has become one of the most active platforms for bettors looking to improve their strategies. What started as...

The Rise of Specialist Executive Recruitment Firms in the UK

Finding the right senior leader has never been easy. But in today’s fast-moving UK business environment, it has become even harder. Companies face rapid digital...

Why Non-Executive Directors Are Essential for Strong Governance and Business Growth

Did you know that companies with effective non-executive directors (NEDs) can outperform their competitors by up to 20%? This remarkable statistic underscores the vital...

What Canadian Bettors Look for in a Great Sports Betting Experience

What Canadian Bettors Look for in a Great Sports Betting Experience Sports betting has grown quickly across Canada. From casual fans placing weekend wagers to...