US reaches $5.15 billion environmental settlement
WASHINGTON (AP) â€” The federal government has reached a $5.15 billion settlement with Anadarko Petroleum Corp. for the cleanup of thousands of long-contaminated sites nationwide, the largest ever for environmental contamination.
The company said Thursday that the settlement resolves a legal battle over Tronox Inc., a 2005 spinoff of Kerr-McGee Corp., a company Anadarko acquired in 2006.
The Justice Department and Environmental Protection Agency also announced the settlement.
Kerr-McGee has a long legacy of environmental contamination at uranium mines and wood-treatment plants.
The U.S. initially sought $25 billion to clean up decades of contamination at dozens of sites. A U.S. bankruptcy judge in New York in December found Kerr-McGee had improperly shifted its environmental liabilities to Tronox and should pay between $5.15 billion and $14.2 billion, plus attorney’s fees.