Friday, June 11, 2010

Chevron (NYSE:CVX) Settles New Mexico Air Quality Case

Chevron (NYSE:CVX) agreed to pay a fine of $182,000 over unproven but alleged air quality violations at its carbon dioxide extraction plant near Lovington, New Mexico.

This stems from a notice the company received over a year ago from the New Mexico Environment Department’s Air Quality Bureau, which alleged they didn't comply with the Air Quality Control Act of the state.

Some of the lower-level, alleged infractions included not performing initial testing of the facility's flare, not complying with requirements for reporting, and some pumps supposedly not repaired in a timely manner.

According to New Mexico Environment Secretary Ron Curry, “We worked out a fair settlement with Chevron that will prevent harmful air pollution in the Lovington area. We must ensure residents are protected from potential effects of emissions from the facility.”

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