Major oil and gas driller Noble Energy has agreed to pay more than $73 million in a settlement with state and federal regulators over Colorado Front Range air-pollution violations.
The Denver Post reported that the company’s tank batteries were emitting thousands of tons of chemicals a year, contributing to the region’s ozone pollution problem.
The copmany has agreed to evaluate its 3,400 tank batteries in the Denver-Julesburg basin, which stretches from Denver to the Wyoming border, and make the needed upgrades.
Noble did not admit to any wrongdoing in the settlement, but has agreed to spend $60 million in improvements. A $4.95 civil penalty will be split between the federal government and the state. Colorado will receive about $1.5 million.
Was this article valuable?
Here are more articles you may enjoy.
Brookfield Targets Global Dominance in P/C Insurance Coverage 
Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think 
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk 
California Again Delays Wildfire Protection Rules for Homes 
