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Liability Risk and Insurance

First settlement for MTBE pollution

The US$28mn settlement by Shell Oil with Californian public utility, South Tahoe Public Utility District, for water pollution is potentially precedent-setting for dozens of similar suits around the US. South Tahoe has actually netted around US$69mn from a number of oil refiners and gasoline retailers, most of whom settled before the jury ruled in favour of the utility.

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