24 Jul '17, 2pm

Exxon Sues Feds Over $2 Million Fine

Exxon Sues Feds Over $2 Million Fine ExxonMobil filed suit against the federal government last week, claiming that a $2 million fine levied against the company by the Treasury Department is "unlawful" and "capricious." The Treasury Department fined Exxon Thursday morning, alleging that the oil giant displayed "reckless disregard" of U.S.-Russian sanctions in its dealings with Russian company Rosneft in 2014 under CEO Rex Tillerson . The Treasury Department's suit highlights particularly problematic deals with Rosneft in 2014, when Exxon was under now-Sec. of State Tillerson's guidance. The suit comes as the House prepares to pass new sanctions legislation targeting Russia, Iran and North Korea. The compromise bill gives energy companies some wiggle room to participate in energy projects with Russian stakeholders. As reported by the New York Times : "The rationale for the l...

Full article: https://www.ecowatch.com/exxon-russia-sanctions-246461989...

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