The Department of Transportation says Exxon (XOM) should pay $1.7M in connection with a 2011...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

The Department of Transportation says Exxon (XOM) should pay $1.7M in connection with a 2011 incident during which heavy flooding caused a pipe to rupture spilling 1,500 barrels of oil into Montana's Yellowstone River. The DOT claims the company dismissed warnings prior to the flood and did not take steps to minimize the spill once the pipeline ruptured. Exxon says it will "learn from the incident" but also notes it is "disappointed" with the DOT's assessment.