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The Biden administration said Thursday it reached a $241.5M settlement with Marathon Oil (NYSE:MRO) over alleged air quality violations at the company’s operations in the Forth Berthold Indian Reservation in North Dakota.
The U.S. Environmental Protection Agency and Department of Justice said the settlement requires that Marathon (MRO) pay a civil penalty of $64.5M, the largest ever for violations of the Clean Air Act at stationary sources, which include facilities such as oil and gas tank systems.
Marathon (MRO) also agreed to implement extensive compliance measures estimated to cost $177M to achieve major reductions in harmful emissions from more than 200 facilities across North Dakota.
The government said Marathon’s (MRO) actions under the agreement will result in the equivalent of more than 2.25M tons of reduced carbon dioxide emissions over the next five years, similar to the number of reductions achieved by taking 487K cars off the road for a year, and eliminate nearly 110K tons of volatile organic compound missions.