‘Drop in the bucket’: ExxonMobil to pay $12mn in oil spill settlement

MOSCOW. KAZINFORM ExxonMobil Corp will pay $12 million to Montana for a 2011 oil spill that affected 85 miles of Yellowstone River as well as farmland. While state lawmakers are praising the settlement, some residents think it's a far cry from a real punishment.

In July 2011, an Exxon pipeline by Billings, Montana burst and leaked 1,500 barrels of crude oil into the Yellowstone River just 150 miles downstream from Yellowstone National Park. Five years later, the company has settled with the state of Montana and the US government.

“This proposed settlement marks yet another step in the process to return the Yellowstone River and its surrounding ecosystem to the majestic state it was prior to the oil spill,” Governor Steve Bullockannounced when the proposed consent decree was officially filed on Wednesday.

"All of us as Montanans lost something when that spill occurred," Bullock said. "This money is to make sure not just that we're compensated but the pelicans are where they should be, the fish are where they should be."

Montana will receive $9.5 million from the settlement, and the federal government will receive $2.5 million. Exxon claimed to have already spent $135 million on the river cleanup to restore the riverbed habitats as well as the terrestrial habitats.

Read more at RT