20 Feb '12, 11am

ExxonMobil hit with record €3.3m penalty for failing to report CO2

ExxonMobil has received a stark reminder of the need to comply with green regulations, after it was fined €3m for failing to report 30,000 tonnes of carbon dioxide emissions from a Scottish chemical plant. The Scottish Environment Protection Agency (SEPA) last week published its 2010-2011 enforcement report, revealing it had slapped a €3,296,600 penalty on Exxon after the company failed to report nearly 33,000 tonnes of carbon emissions from the Fife Ethylene Plant. FURTHER READING Investors demand more corporate action on energy efficiency EU edges towards carbon price support measures SEPA said Exxon had highlighted the error, but was still liable for the fine, which is charged at €100 per tonne of unreported emissions under the EU's Emissions Trading Scheme (ETS). An Exxon spokesman told BusinessGreen the under-reported emissions accounted for just under five per cent o...

Full article: http://www.businessgreen.com/bg/news/2153536/exxonmobil-h...

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