Investors of Marathon Oil Encouraged to Contact Kehoe Law Firm, P.C. – MRO
Kehoe Law Firm, P.C. is investigating whether certain officers or directors of Marathon Oil Corporation (“Marathon Oil”) (NYSE: MRO) failed to manage Marathon Oil in an acceptable manner, in breach of their fiduciary duties to Marathon Oil and its shareholders, and whether investors of Marathon Oil stock suffered harm.
MARATHON OIL SHAREHOLDERS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
On July 11, 2024, the U.S. Department of Justice (“DOJ”) announced a $241.5 million settlement with Marathon Oil resolving allegations that Marathon Oil violated the Clean Air Act regarding the company’s oil and gas production operations on the Fort Berthold Indian Reservation in North Dakota.
According to the DOJ, “[t]he settlement requires that Marathon pay a civil penalty of $64.5 million, the largest ever for violations of the Clean Air Act at stationary sources, which include facilities such as oil and gas tank systems.”
According to the DOJ, “[t]he agreement requires Marathon to invest in extensive compliance measures estimated to cost $177 million, much of which will be expended by the end of 2024. The settlement requires Marathon to obtain permits with federally enforceable emissions limits at production facilities on the Fort Berthold Indian Reservation and future operations in the state of North Dakota. Compliance measures also include flare monitoring, periodic infrared camera inspections and implementation of storage tank design requirements.”
The requirements, according to the DOJ, “. . . will significantly reduce harmful health-related emissions from 169 existing facilities on state land and on the Fort Berthold Indian Reservation, as well as at new facilities built in North Dakota. Therefore, the United States will secure pollution limits on twice the number of facilities where it investigated and alleged violations.”
INVESTORS OF MARATHON OIL ALSO CAN CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
