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EPA imposes additional fines on PES by end of 2024?
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Resolution / Starting Odds
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No • 50%
Official announcements from the EPA or related government agencies
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EPA Settles $4.2 Million Claim with PES Over 2019 Philadelphia Refinery Explosion, $3 Billion Cleanup
Oct 8, 2024, 08:37 PM
The U.S. Environmental Protection Agency (EPA) has reached a $4.2 million settlement with Philadelphia Energy Solutions (PES) over violations of the Clean Air Act related to the 2019 explosion at its South Philadelphia refinery. This agreement resolves the final outstanding claim against PES, which has been bankrupt since the incident. The explosion had significant environmental repercussions, and this settlement aims to address the damages caused. The refinery, associated with a $650 million private equity firm, left a $3 billion cleanup disaster.
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Yes • 50%
No • 50%
Monetary fines • 33%
Operational restrictions • 33%
Both monetary fines and operational restrictions • 33%
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OSHA • 25%
EPA • 25%
Texas Commission on Environmental Quality • 25%
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Binance • 25%
Coinbase • 25%
Kraken • 25%
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Partial amendments required • 25%
Case dismissed • 25%
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$100 million to $500 million • 25%
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