Loading...
Market
Primary financial backer for Philadelphia refinery cleanup by end of 2024?
3
Resolution / Starting Odds
EPA • 25%
Private Equity Firms • 25%
State of Pennsylvania • 25%
Other • 25%
Official announcements or financial disclosures
Story
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.
View original story
Similar markets
Restarted • 25%
Permanently closed • 25%
Sold to another company • 25%
Converted to non-refinery use • 25%
Refinery operations • 25%
Industrial use • 25%
Commercial development • 25%
Residential development • 25%
Catellus • 25%
DECA • 25%
Both Catellus and DECA • 25%
Other • 25%
State funding • 25%
Federal funding • 25%
Private funding • 25%
Other • 25%
Logistics hub • 25%
Residential area • 25%
Commercial space • 25%
Other • 25%
Private investment • 25%
Government grants • 25%
Foreign investment • 25%
Public-private partnership • 25%
Private Investors • 25%
Government Grants • 25%
Corporate Bonds • 25%
Bank Loans • 25%
Yes • 50%
No • 50%
China National Grain and Oils Corporation • 25%
Sinograin • 25%
Sanhe Hopefull • 25%
Other • 25%
Private investment • 25%
Government grants • 25%
Corporate bonds • 25%
Other • 25%
Exide Technologies • 20%
Afterthought Mine • 20%
Proposed Site 1 • 20%
Proposed Site 2 • 20%
Proposed Site 3 • 20%