Oil Giants Settle Water Contamination Suit For $423 Million
May 8, 2008 - 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…

