EXXON MOBIL ESTIMATES SPILL WILL COST $42MILLION

Exxon Mobil has told federal regulators that its oil pipeline spill into Montana's Yellowstone River will cost an estimated $42.6million (approximately £26million).

 

 

 

 

That figure was included in documents obtained by The Associated Press as a result of a public information request submitted to federal pipeline regulators.  The break in a pipeline on 1 July resulted in a spill of an estimated 42,000 gallons or 1,000 barrels of crude oil into the scenic waterway.

Exxon Mobil's cost estimate includes $40million (approximately £24million) for emergency response work and £2.5million (approximately £1.5million) for damage to public and private property.  The company valued the lost oil at $100,000 (approximately £60,544).

About 1,000 people have been involved in mopping up the spill, which fouled dozens of miles of riverbank. 

 

Matthew Brown writes for OfficialWire

Back