Thursday, July 8, 2010

Exxon Mobil (NYSE:XOM) Sending Uncle Sam Cleanup Bill

Exxon Mobil (NYSE:XOM) claims they have spend about $45 million to clean up the contaminated Baytown chemical plant in order to comply with demands from the Texas Commission on Environmental Quality.

Now they want the U.S. government to pay their part in the cleanup costs because the government used the site from World War II through the Korean War.

According to Exxon, the federal government dumped a "significant amount of waste" at Baytown during that time, and should pay for their own mess.

The U.S. government "converted and expanded the Baytown complex into a large manufacturing facility devoted to the production of critical, war-related materials for the United States," said the oil giant.

Exxon is seeking for the U.S. government to be held liable under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, and to pay its part in the cleanup costs.

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