Texaco Fined for Clean Water Act Violations

May 15, 2001




Texaco Inc. has reported one of its wholly owned subsidiaries was hit with a $4 million fine and one year probation after pleading guilty to two violations of the Clean Water Act.

According to a filing with the Securities and Exchange Commission, Texaco Refining and Marketing Inc. recently made the plea to knowingly discharging pollutants into U.S. waters in violation of a permit and discharging without a permit.

The unit paid $3 million for community service to certain environmental organizations, the first-quarter filing added.

The Justice Department had been investigating two former facilities in California, a refinery in Los Angeles, and a service station in San Luis Obispo.

Texaco is in the process of being acquired by Chevron Corp. The Federal Trade Commission and the SEC continue their reviews of the deal, Texaco said in the filing.


Source:

Reuters

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