New Jersey Assembly condemns proposed $225M Exxon settlement
Source: Associated Press
New Jersey Assembly condemns proposed $225M Exxon settlement
By MICHAEL CATALINI, Associated Press | May 14, 2015 | Updated: May 14, 2015 2:52pm
TRENTON, N.J. (AP) — The New Jersey Assembly is condemning a proposed $225 million settlement in an environmental dispute with ExxonMobil that Republican Gov. Chris Christie has described as "a really good deal."
The Democrat-majority Assembly approved a nonbinding resolution Thursday, criticizing the deal the state attorney general and the New Jersey Environmental Protection Department reached with the oil giant.
Democrats consider the settlement figure well below what ExxonMobil should pay for contaminating the environment at two petroleum plants in Bayonne and Linden, and note that the government originally indicated the state could get nearly $9 billion.
"The state originally asked for almost $9 billion in damages. Settling for a fraction of that is a slap in the face for New Jersey residents," said Democratic Assemblyman John McKeon, who sponsored the resolution.
Read more: http://www.chron.com/news/us/article/Assembly-to-vote-to-condemn-Exxon-settlement-6262656.php
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