Sunday, 4 April 2010

SHELL $ 3.5 million penalties. It's a start!

Royal Dutch Shell PLC (RDSA, RDSA.LN) has agreed to pay $3.5 million in penalties and spend an estimated $6 million to install pollution-reduction equipments at three U.S. refineries to reduce harmful air emissions.

The equipment is intended to cut output of sulfur dioxide and nitrogen oxides by more than 1,450 tons a year at the facilities in Louisiana, Alabama and Puerto Rico.

Assistant Attorney General Ignacia Moreno said the settlement is an example of businesses' effort to comply with government environmental regulations. "We will continue to work with industry to achieve compliance under the Clean Air Act to remove harmful pollution from the air we breathe," she added.

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