Exxon Mobil’s $225M Cleanup Agreement With N.J. Survives Appeal

• Largest natural resource damage settlement in New Jersey history upheld

• No requirement that $225 million settlement be deposited into state Superfund

ByPeter Hayes

Exxon Mobil’s record-setting settlement of natural resource damage claims under the New Jersey Superfund law survived a challenge by environmental groups Feb. 12.

The ruling upholds the largest NRD settlement in New Jersey history, reached in February 2015.

The $225 million settlement proceeds need not be deposited into the Spill Act fund—the state Superfund—under the law as it existed at the time, a New Jersey appeals court ruled.

Nor does the state Department of Environmental Protection ...