Exxon Mobil Corp.p. has reached an agreement with New Jersey Governor Chris Christie’s environmental regulators to settle litigation about pollution released over decades by an oil refinery and petrochemical plant.
Lawyers for Exxon and the New Jersey Department of Environmental Protection told a judge in a Feb. 20 letter they agreed to settle the decade-old litigation. The New York Times first reported the settlement, saying Exxon will pay $250 million, without identifying its sources. The state initially sought $8.9 billion, the paper reported.