Imperial Oil fined for 2021 slop oil spill [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance Canada
The discharge adversely affected people at two nearby businesses and residents of Aamjiwnaang First Nation, as per the court bulletin from Nov. 13. Imperial has 90 days to pay the fine along with a victim fine surcharge of C$225,000. "We regret this incident, and we accept the fine imposed by the court. Imperial has since made changes to its equipment maintenance plan by modifying the criteria used to prioritize repairs to mitigate the risk of a reoccurrence of the same incident," the company spokesperson said. In August this year, Imperial - majority owned by Exxon - also had an administrative penalty of C$50,000 ($35,632) imposed on it due to a months-long toxic tailings leak at the oil and gas producer's Kearl oil sands mine. ($1 = 1.4032 Canadian dollars) (Reporting by Seher Dareen in Bengaluru; Editing by Shailesh Kuber) Recommended Stories
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- Big Oil breaks with Trump on potential second withdrawal from Paris Climate Agreement [FOX News]FOX News
- Imperial Oil fined for 2021 slop oil spill [Yahoo! Finance Canada]Yahoo! Finance Canada
- Exxon Mobil to cut nearly 400 jobs in Texas, filing says [Yahoo! Finance]Yahoo! Finance
- With 65% ownership, Exxon Mobil Corporation (NYSE:XOM) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Why Billionaire Investor Tom Steyer Is Bullish On Clean Energy Under Trump [Forbes]Forbes
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