Chevron, 11 Oil Companies to Pay $423 Million in MTBE Lawsuits
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Water suppliers in 17 states will collect $423 million from Chevron Corp., BP Plc and 10 other oil companies as part of a settlement of contamination claims involving the gasoline additive MTBE.
The suits claim the oil companies contaminated wells and underground aquifers across the country by adding methyl tertiary butyl ether, or MTBE, to gasoline as a way to reduce air pollution. They claim the oil companies hid information showing MTBE would cause ``massive'' contamination.