ExxonMobil will pay $25m as part of a settlement to clean up an oil spill in New York, US.
The settlement requires ExxonMobil to conduct a comprehensive clean-up of its Greenpoint facility in Brooklyn, including oil floating on top of the water table and contaminated groundwater and soil, according to Reuters.
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New York sued ExxonMobil for the 17 million gallon spill in 2007.
The settlement at the US district court in Brooklyn resolves that lawsuit, but still needs final approval by a federal judge.
ExxonMobil first realised in 1978 that the land it owned in Greenpoint was contaminated and since 1990 it has been extracting oil from the ground.
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By GlobalData
