We believe that the settlement is in the best interest of the company and supports the continued trend of emission reductions that has occurred at our refineries.
We are a very responsible company and we have been working on this systematically. We have fully complied with the requirements of our remediation agreement.
We strongly support the EPA's reforms and believe these changes will return the program to its original intent.
We purchased oil through the oil-for-food program from the beginning of the program to its end, and everything we did was within U.S. law and U.N. guidelines.
We have always contested liability in this lawsuit.
We sincerely regret that this occurred and we're putting all of our resources into cleaning it up.
We agreed to settle and that was a business judgment that we made. We have always contested liability in this lawsuit, but our appeals have been denied. This settlement is a payment of our legal obligations.
