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Oil Giants Settle Water Contamination Suit For $423 Million

NEW YORK — At least two major oil companies said late Wednesday they have agreed to settle lawsuits over the use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.

Representatives of Valero Energy Corp. and Chevron Corp. said they had joined the settlement, although a number of other oil companies are also named in a memo supporting the deal that was… » Full Story on Huffington Post
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