An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said that the oil spill …
Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance, a type of insurance, …
Royal Dutch Shell Plc’s Nigerian unit agreed to pay a local community $111 million to resolve a long-running dispute over an oil spill that occurred more than half a century ago. The Anglo-Dutch energy giant will pay the Ejama-Ebubu people …
BRUSSELS – Taxpayers are too often being forced to pay to clean up environmental damage while the companies responsible dodge the costs, the European Court of Auditors said on Monday. The European Union’s executive Commission will propose rules this year …
Wind is threatening to spread a growing 52-mile (84-kilometer) oil sheen in Indonesia from an undersea well that began leaking about two weeks ago into the Java Sea. State crude producer PT Pertamina plans to install more booms in the …
A company could be fined by North Carolina regulators after a rupture at a Winston-Salem plant dumped red dye into a creek, killing some fish and prompting a warning for people to avoid the water. The spill occurred at Hanes …
Endurance Specialty Holdings Ltd. has launched a new series of environmental liability insurance products, offering both primary and excess coverage for single sites or property portfolios. Endurance’s new products include a site environmental impairment liability product, which provides eight different …
Philadelphia Insurance Companies has partnered with UCPM, Inc., an environmental insurance provider, to offer storage tank pollution liability coverage. The new Storage Tank Environmental Policy (STEP) protects policyholders from claims for bodily injury, property damage, and remediation expenses associated with …
Exxon Mobil Corp’s $225 million settlement with the administration of New Jersey Governor Chris Christie of a longstanding environmental pollution case won approval on Tuesday from a state judge, over the objections of critics who called the accord a sellout. …
