Each year many oil pipelines fail, spill crude oil and cause significant health and environmental damage all across the continental United States—leading to hefty financial implications for oil companies, landowners, the government and insurers.
For example, in September 2012, Calgary, Alberta-based Enbridge Energy paid a $3.7 million penalty for the 2010 rupture of a pipeline that polluted the Kalamazoo River in Michigan with thousands of gallons of crude oil. And in October, Montana landowners filed suit claiming ExxonMobil overlooked warnings before a pipeline break dumped roughly 1,500 barrels of crude oil into the Yellowstone River.
In addition to the severe adverse effects oil spills have on the environment, significant health consequences can also result; exposure to oil has been linked to various forms of cancer and genetic mutations that can lead to birth defects.
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