Business Services Industry
Petrochemical Firm Guilty of Hiding Pollution Violations at Texas Oil Refinery.
Knight Ridder/Tribune Business News, April, 2001
By James Pinkerton, Houston Chronicle Knight Ridder/Tribune Business News
Apr. 10--CORPUS CHRISTI, Texas--A subsidiary of the petrochemical giant Koch Industries Inc. was convicted Monday of concealing environmental violations at its oil refinery here and assessed the most expensive criminal pollution penalty in Texas history.
In a plea bargain reached with Justice Department attorneys, Koch agreed to pay $20 million in fines and community service projects. In return, the company put to rest a five-year legal battle with the federal government and spared four of its employees potential prison sentences.
The agreement came just as a criminal trial on environmental pollution charges was scheduled to begin for the Wichita, Kan.-based...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article


