Chevron (NYSE:CVC) received the first of what will be more bills, as they were billed $53,49.31 by Salt Lake County to cover work related to cleaning up the small oil spill.
This covers all the work, said the county in a statement, from between the oil spill and June 24. County emergency services coordinator, Jeff Graviet, said there will probably be more expenses to pay for in connection to the incident.
Much of that will come from the ongoing monitoring of air quality by the health department and cleaning up of birds.
For the city, Salt Lake City has already sent a bill for close to $125,000 for up to June 12.
Fines for the oil spill will be determined later said regulators.
Everything on commodities brokers, futures trading, commodities trading, gold, silver, futures brokers, oil futures, business news, markets and commodities options ...
Showing posts with label Salt Lake City Oil Spill. Show all posts
Showing posts with label Salt Lake City Oil Spill. Show all posts
Monday, July 19, 2010
Thursday, July 15, 2010
Chevron (NYSE:CVX) Receives Citations for Salt Lake City Oil Spill
Utah regulators have issued citations to Chevron Corp. (NYSE:CVX) for the oil leak from a pipeline which entered into Red Butte Creek in Salt Lake City.
Oil also laid in a pond at a city park, while also migrating into the Jordan River.
Fines from the citations could begin at $10,000 a day for the duration of the polluted waterways, and could go as high as $25,000 a day if it is ruled it came about from gross or willful negligence.
The state regulators said they're waiting for the response from Chevron before deciding on whether to issue fines or not.
That sounds odd to me, as it's irrelevant as to the response of Chevron to the situation. It was either negligence or not.
According to Chevron, they believe the oil leak was the result of a melted hole in the casing of the pipe from a power line short. That power line went through a utility fence post, which evidently resulted in the melted pipe.
Oil also laid in a pond at a city park, while also migrating into the Jordan River.
Fines from the citations could begin at $10,000 a day for the duration of the polluted waterways, and could go as high as $25,000 a day if it is ruled it came about from gross or willful negligence.
The state regulators said they're waiting for the response from Chevron before deciding on whether to issue fines or not.
That sounds odd to me, as it's irrelevant as to the response of Chevron to the situation. It was either negligence or not.
According to Chevron, they believe the oil leak was the result of a melted hole in the casing of the pipe from a power line short. That power line went through a utility fence post, which evidently resulted in the melted pipe.
Subscribe to:
Posts (Atom)