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[Podcast]Chile Economy Returns to Growth in Small Respite for BoricTesla gains on report Trump’s team planning federal self-driving vehicle regulationsNomura expects Fed to pause rate-cut cycle in DecemberSingapore Oil Tycoon OK Lim Sentenced to 17 1/2 YearsOil prices edge higher after Russia-Ukraine tensions escalateGoldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25SEC Enforcement Director Highlights Increased Penalties for Violations of Whistleblower RuleBillionaire Tom Steyer: Trump presidency won’t hold back the energy transitionTreasuries See 2024 Gains Dwindle With December Fed Cut at RiskHow the Trump tariffs on Taiwan chips could hurt the AI trade — and the likes of NvidiaTrump win has economists concerned US economy will fail to make soft landingTrump Chooses Oil Fracking Boss Wright as Energy SecretaryNovember 2024 Legal News: Law Firm News and Industry Expansion, Industry Awards and Recognition, DEI and Women in LawCan Donald Trump ‘save TikTok’? 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Is Your BOIR Filed Yet?Oil prices edge down, forecasts for higher oil output, weak demand growth weighBitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy OutlookDiabetes, Kidney Disease Could Raise Cardiovascular Disease Risk up to 28 Years EarlierAmericans Began Drinking More During the Pandemic, and They Haven’t StoppedCFPB Imposes $95 Million Fine on Large Credit Union for Overdraft Fee PracticesFed Officials Fret Over How Far They Can Lower Interest RatesFederal judge orders Oakland airport to stop using ‘San Francisco’ in name amid lawsuitJust 1 Hour of Weekly Exercise May Lower AFib Risk, but More Is Still BetterOzempic and Wegovy May Provide Strong Relief from Osteoarthritis Knee Pain“Captive Audience” Bans: Employers Should Be Aware of This TrendThe Power of Incorporation Compels You: Surety Succeeds in Compelling Contractor to Arbitrate Bond Claims Pursuant to Arbitration Clause in SubcontractBond Traders Reload Bets on Fed Cuts After CPI: Markets WrapOctober inflation data meets forecasts, keeping Fed on track for December rate cut5 Changes to Medicare in 2025 Will Affect Part D Coverage, Drug CostsVitamin D Supplements Lower Blood Pressure in Older Adults with Obesity, Study FindsArtificial Intelligence and the Rise of Product Liability Tort Litigation: Novel Action Alleges AI Chatbot Caused Minor’s Suicide
Fri. Nov 22nd, 2024

Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations

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    Upgrade to Premium Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations FILE – A jogger runs in front of the Phillips 66 refinery, July 16, 2014, in the Wilmington area of Los Angeles. (AP Photo/Mark J. Terrill, File) · Associated Press Finance · ASSOCIATED PRESS STEFANIE DAZIO Updated Thu, Nov 21, 2024, 4:24 PM 1 min read

    In This Article:

    PSX

    LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California, authorities said Thursday.

    The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease, the U.S. Department of Justice said.

    The company allegedly dumped the wastewater from its Carson oil refinery into the Los Angeles County sewer system in 2020 and 2021 and did not report the violations, prosecutors said.

    Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. The company faces up to five years of probation on each count and a maximum of $2.4 million in fines.

    An arraignment date has not been set.

    “Phillips 66 will continue its cooperation with the U.S. Attorney’s office and is prepared to present its case in these matters in court,” a spokesperson said in a statement Thursday. “The company remains committed to operating safely and protecting the health and safety of our employees and the communities where we operate.”

    Last month, Phillips announced it would close its Southern California refinery by the end of 2025, citing market concerns. That refinery accounts for about 8% of California’s refining capacity, according to the state’s Energy Commission.

    The company also operates a refinery near San Francisco that accounts for about 5% of California’s refining capacity, according to the state Energy Commission.

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