Environment, Education, Energy: Policy to People

“Kerr-McGee Settlement Money to Go Into Trust”

Last week, a U.S. Bankruptcy Court ruled Kerr-McGee was wrong to dump polluted oil and gas sites into a spinoff company before being sold to Houston-based Anadarko Petroleum. Now that spinoff company, Tronox Ltd., says most of the money it recovers will go toward cleaning those sites.

Most of the money — 88 percent — will go to trusts and other governmental entities to remediate polluted sites. The remaining 12 percent will be distributed to a tort trust to compensate individuals injured as a result of Kerr-McGee’s environmental failures.

Read more at: www.oklahoman.com

StateImpact Oklahoma is a partnership among Oklahoma’s public radio stations and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online.

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »