Exxon to Pay $1.7M Over Yellowstone Oil Spill

Reuters reported that the United States Department of Transportation wants Exxon Mobil Corp to pay $1.7 million for violating pipeline safety relating to an oil spill that occurred in 2011 in the Yellowstone River.

As quoted in the market news:

Exxon’s Silvertip pipeline, which carries 40,000 barrels per day of crude in Montana, leaked about 1,500 barrels of oil into the river in July 2011 after heavy flooding in the area.

Exxon has previously said the accident cost the company about $135 million.

Click here to read the full Reuters report.