Legal Newsline

Monday, March 30, 2020

Missouri getting $44M from Anadarko Petroleum bankruptcy

By Legal News Line | Feb 12, 2015

Newchriskoster 150x150

JEFFERSON CITY, Mo. (Legal Newsline) - The State of Missouri will receive $43.9 million as part of a $5.15 billion bankruptcy settlement involving Anadarko Petroleum Corporation, Attorney General Chris Koster announced on Tuesday.

A portion of the money will go toward helping the state clean up two sites in Missouri. Each clean-up project will receive approximately $19 million, with another $5 million going to Missouri’s Natural Resource Damages program. 

The two sites in Missouri, at 2300 Oakland in Kansas City and 2800 W. High in Springfield, were used for creosote wood treatment by energy company Kerr-McGee. The sites now have contaminated soil and groundwater.

Tronox, a spin-off of Kerr-McGee, inherited the environmental liabilities after Kerr-McGee was sold to Andarko, Koster says. After Tronox filed for bankruptcy, Andrako was found to be responsible for the debt.

"This case is the largest environmental bankruptcy settlement in U.S. history," Koster said. "Missouri's share of the settlement will cover the cost of remediation at the former Kerr-McGee sites in our state and result in millions more for reclamation of other damaged sites for public use."

Want to get notified whenever we write about State of Missouri ?

Sign-up Next time we write about State of Missouri, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

State of Missouri