Issue Date: April 14, 2014 | Web Date: April 11, 2014
Largest Environmental Settlement Means Cleanup Of Former Kerr-McGee Sites
Anadarko Petroleum has agreed to pay $5.15 billion to settle a lawsuit over the environmental legacy of the former Kerr-McGee Corp., which it acquired in 2006. Some $4.4 billion will go toward environmental cleanup at thousands of former Kerr-McGee mines and manufacturing plants across the U.S.; the remaining $750 million will pay for health claims and legal fees.
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