Enbridge to pay $4 million over Kalamazoo oil spill

Mining.com reported that Enbridge (TSX:ENB) will pay about US$4 million for the completion of natural resource restoration projects as part of a settlement by the U.S Department of Justice over the 2010 Kalamazoo oil spill in Michigan.

As quoted in the market news,

Last month, the pipeline company reached an agreement with the state of Michigan to pay US$75 million over the incident. That pact will see Enbridge restoring or creating 300 acres of wetlands, valued at $30 million. Wetlands are considered to be crucial in a watershed, serving as nature’s filter in absorbing and releasing water and providing habitat to fish and wildlife.

Click here for the full Mining.com report