Yellowstone Spill Cost
August 23, 2011 by staff
Yellowstone Spill Cost, Exxon Mobil Corp. (XOM), the largest global oil company by market value, estimated the cost of cleaning up an oil spill of July 1 in the Yellowstone River in Montana and will be 42.6 million, according to a filing federal regulators.
Company’s response to the spill emergency pipe and Silvertip will cost $ 40 million and property claims and will be 2.5 million, the company said in a July 29 filing with the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration. Exxon also lost about 100,000 and oil and other raw materials in the spill, according to the document obtained by Bloomberg News through a Freedom of Information request by law.
Exxon 69 miles (111 kilometers) from Silvertip line spilled about 1,000 barrels of oil in a river swollen by floods near Laurel Yellowstone, Montana. The pipeline extends from Elk Basin, Wyoming to the Exxon refinery in Billings, Montana.
More than 1,000 people are working to clean up the site from August 12, according to the Environmental Protection Agency of the U.S. leading the response effort. Results of sampling of air, water, soil and sediment around the river show “any level of concern” for the supply of water or air quality, the agency said.
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