Phillips 66 Faces $2.4M Fine for Alleged Oil Dumping in LA [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
The charges stem from the release of nearly 800,000 gallons of contaminated wastewater from its Carson, CA, refinery into the Los Angeles County sewer system. The wastewater, which contained excessive levels of oil and grease, was allegedly discharged between 2020 and 2021 without proper knowledge of the authorities. The indictment details two incidents in which Phillips 66's Carson refinery released wastewater with hazardous concentrations of oil and grease. On Nov. 24, 2020, the refinery discharged 310,000 gallons of contaminated water, containing 64,000 pounds of oil and grease — 300 times the permitted limit under its environmental permit. A few months later, on Feb. 8, 2021, there was a second release, involving 480,000 gallons of wastewater with 33,700 pounds of oil and grease. The U.S. Department of Justice charged Phillips 66 with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the law. The charges carry significant penalties,
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News
- Wall Street Breakfast Podcast: DirecTV Drops Dish Deal Over Debt Dispute [Seeking Alpha]Seeking Alpha
- Don't listen to the haters. L.A. IS a walking town [Los Angeles Times (CA)]Los Angeles Times
- Phillips 66 Is Accused of Violating the Clean Water Act [The New York Times]The New York Times
- Phillips 66 faces federal charges, accused of polluting LA sewers with 790,000 gallons of wastewater [CBS News]CBS News
- Phillips 66 indicted for violating Clean Water Act, U.S. attorney says [Yahoo! Finance Canada]Yahoo! Finance Canada
PSX
Earnings
- 10/29/24 - Miss
PSX
Sec Filings
- 11/4/24 - Form 4
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- PSX's page on the SEC website