settlement
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Chevron agrees to a $550 million settlement with California city
Richmond, California, secured a half-billion dollar settlement from Chevron after proposing a ballot tax on barrels produced at its local refinery, setting a potential model for other cities.
In short:
- Chevron offered a $550 million settlement to avoid a proposed barrel tax in Richmond, California.
- The settlement could fund Richmond's budget for ten years and encourage similar actions in other refinery towns.
- Activists view the deal as a mixed victory, while some cities are already considering similar initiatives.
Key quote:
“The community of Richmond has created a movement that will echo across the nation.”
— Eduardo Martinez, Mayor of Richmond
Why this matters:
Cities across the U.S. could use Richmond's strategy to pressure large polluting industries into settlements. This approach may empower local governments to secure funding while holding corporations accountable for environmental impacts.
Read more: Pollution, Poverty, and People of Color: 'We Are Richmond'
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Glencore will pay $1.1 billion to settle bribery and price-fixing charges
U.S. prosecutors said the settlement followed “a multiyear scheme to manipulate benchmarks used to set prices for oil at two of our country’s busiest ports.”
Photo by Uriel Soberanes on Unsplash
Mercedes-Benz to pay California in emissions cheating settlement
In another major scandal involving California and nationwide air-pollution standards, Mercedes-Benz and its German parent have been fined $1.5 billion for equipping their diesel cars with illegal software.
www.reuters.com
U.S. judge approves revised EPA Harley-Davidson emissions settlement
A U.S. judge approved a revised settlement with Harley-Davidson Inc over excess emissions that dropped a requirement that it spend $3 million to reduce air pollution.
www.idahostatesman.com
Idaho PUC rejects settlement to cut solar power compensation
The Idaho Public Utilities Commission rejected a proposed settlement that would have allowed Idaho Power to cut payments to solar customers from 10 cents per kilowatt hour to 4.4 cents over 10 years.
Railroad company settles for $2.2 million over fiery derailment and oil spill
A railroad operator is settling with the government for $2.2 million in penalties over the 2015 derailment of an oil tanker in a small West Virginia town that spilled thousands of gallons of oil and burst into flames.
Newsletter
thehill.com
West Virginia reaches $2.6M settlement with Volkswagen over emissions scandal
Automaker Volkswagen and two of its affiliates have agreed to pay West Virginia $2.65 million for failing to adhere to U.S. smog standards.
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