California Sues Phillips 66 and ConocoPhillips

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

California Attorney General Kamala Harris announced today that she is suing Phillips 66 (NYSE: PSX  ) and ConocoPhillips (NYSE: COP  ) for failing to inspect and maintain more than 560 gasoline stations' storage tanks in the golden state .

According to a government press release, both corporations have improperly monitored, inspected, and maintained underground gasoline storage tanks since at least November 2006. The accusations include tampering with leak detection devices, failing to test backup containment systems, and failing to train employees on proper protocol .

According to a statement by Attorney General Harris:

The state's hazardous waste laws help protect our residents from contaminated groundwater. This lawsuit safeguards public health by ensuring proper maintenance of the tanks that store fuel beneath many California communities.

As of this writing, Phillips 66 and ConocoPhillips have not issued any official responses. Calls to both companies went unanswered .

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2178380, ~/Articles/ArticleHandler.aspx, 11/25/2015 2:12:46 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Justin Loiseau

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

Today's Market

updated 3 hours ago Sponsored by:
DOW 17,812.19 19.51 0.11%
S&P 500 2,089.14 2.55 0.12%
NASD 5,102.81 0.33 0.01%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/24/2015 4:02 PM
COP $55.32 Up +2.04 +3.83%
ConocoPhillips CAPS Rating: *****