cinabrio blog

Anadarko to Pay $5 Billion to Settle Toxic Pollution Case

The energy firm Anadarko has agreed to pay more than $5 billion in what the Justice Department hailed as the largest payment ever for cleaning up environmental contamination. The case involves thousands of sites across the country polluted by nuclear fuel and other toxic material and more than 8,000 people who say they were sickened by chemical exposure. Anadarko had tried to avoid liability for pollution caused by Kerr-McGee, an energy company it acquired in 2006. The payments include $1 billion to the Navajo Nation for damages from Kerr-McGee’s uranium mining operations.

http://www.democracynow.org/2014/4/4/headlines#445 

La firma energética Anadarko ha aceptado pagar más de US$ 5 mil millones en el caso que el Departamento de Justicia de EEUU a considerado como el mayor pago nunca realizado para limpieza de contaminación ambiental. El caso involucra a miles de sitios en todo EEUU, contaminados por combustibles nucleares y otros materiales tóxicos y a más de 8,000 personas que dicen que se enfermaron por la exposición química. Anadarko había tratado de evitar la responsabilidad, había tradado de escabullirse por la contaminación causada por Kerr-McGee, una empresa de energía que adquirió en 2006. Los pagos incluyen US$ 1,000 millones para la Nación Navajo por los daños de las operaciones mineras de uranio de Kerr-McGee.

http://economia.terra.com.pe/anadarko-acuerda-pago-de-5150-mln-dlr-por-demandas-ambientales,

Anadarko_Petroleum_Corporation

Anadarko Petroleum Corporation is an American oil and gas exploration company and one of the world’s largest publicly traded oil and gas exploration and production companies, with approximately 2.5 billion barrels of oil equivalent (BOE) of proved reserves and annual sales volumes of 248 million BOE as of December 31, 2011. Anadarko employs a worldwide workforce of about 4,000. The company is headquartered in The Woodlands, SPD Montgomery County, Texas. 

http://en.wikipedia.org/wiki/Anadarko_Petroleum_Corporation

Deepwater Horizon Oil spill involvement

Anadarko had 25% working interest in the Macondo Prospect, which was operated by BP and its finances were affected by the Deepwater Horizon oil spill.^[5]

BP has billed Anadarko more than $272 million for its share of cleanup and response costs in the Gulf, according to a bill that was sent by BP and obtained by TPMMuckraker. Anadarko publicly suggested that it will not pay for costs associated with the oil disaster, claiming in a statement that BP was guilty of gross negligence or willful misconduct. Under the joint operating agreement, Anadarko must pay its portion of costs related to any incident—unless that incident was caused by its partner's gross negligence or willful misconduct.^[6]

In what was seen as possibly a precursor to Anadarko's own course, in May 2011 MOEX Offshore agreed to pay US$1.07 billion to settle BP claims against it over the accident. MOEX owned a 10% stake in the well through a subsidiary and in turn itself was majority-owned by Mitsui & Co. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims.^[7] In October, 2011, Anadarko did in fact follow MOEX and agreed to settle with BP for $4 billion.^[1] BP agreed to "forgo reimbursement for future costs related to the incident and will indemnify Anadarko for damage claims arising under the U.S. Oil Pollution Act, among other costs. And Anadarko will transfer its 25% stake in Mississippi Canyon Block 252 (Macondo) to BP."^[8]

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