Exxon and Guyana accused of oil spill insurance breach

Oil spill insurance - Tanker on water

A Guyanese court recently ruled against the energy company and the country’s environmental agency. A unit of Exxon Mobil has been ruled to be in breach of oil spill insurance for its first Guyana offshore oil project, partly because of errors made by the country’s environmental regulator, according to a Guyanese court. The government of Guyana has rejected the ruling made by the court against its environmental regulator. According to High Court Justice Sandil Kissoon in the ruling, Exxon “engaged in a disingenuous attempt” to shrink its environmental permit obligations…

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Pollution cleanup insurance not needed, says Trump administration

Pollution cleanup insurance - Toxic waste

The federal government said power plants, chemical manufacturers, and others don’t need coverage. The outgoing Trump administration has drawn fresh criticism from environmentalists after having announced that pollution cleanup insurance was not required for chemical manufacturers, power plants, or oil and gas producers. These facilities will not require coverage to pay for the cost of cleaning toxic waste and chemical spills. The Environmental Protection Agency (EPA) announced that it was finalizing a rule having to do with financial assurance or pollution cleanup insurance requirements. This decided what – if any…

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