Valero Refining Company fined record $82 million for history of toxic releases at Benicia refinery [CBS News]
Valero Energy Corporation (VLO)
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Source: CBS News
According to the Bay Area Air Quality Management District and the California Air Resources Board, Valero is on the hook for nearly $82 million in fines for violations discovered during a 2019 inspection. The inspection found the company failed to report toxic emissions from the facility's hydrogen system, including benzene, toluene, ethylbenzene and xylene -- compounds that "cause cancer, reproductive harm and other toxic health effects," according to the air district. "Today's historic penalty against Valero Refining Co. for its egregious emissions violations underscores the Air District's unwavering commitment to holding polluters accountable and safeguarding the health of those living in refinery communities," air district executive officer Philip Fine said in a news release Thursday. Air district officials said refinery management knew about the hydrogen system problems since at least 2003 but failed to report or prevent them. "The refinery emitted an estimated 8,400 tons
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VLO
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- 10/24/24 - Miss
VLO
Sec Filings
- 11/13/24 - Form 3/A
- 11/8/24 - Form 3
- 11/8/24 - Form 4
- VLO's page on the SEC website