Government Energy Policy, Business and Technology

Court approves ExxonMobil’s environmental settlement with New Jersey

Oil & Gas Journal: A New Jersey Superior Court judge approved a $225-million environmental settlement between the state and ExxonMobil Corp. to resolve environmental damages over several decades from refineries in Linden and Bayonne and retail outlets and other facilities across the state.

Judge Michael J. Hogan said in his Aug. 25 settlement opinion that the settlement was fair, reasonable, in the public interest, and consistent with goals in the state’s Spill Compensation and Controls Act. “The record shows that the negotiations between two highly sophisticated parties with sharply conflicting interests were full of adversarial vigor,” he observed in his 82-page opinion.

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