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Exxon enjoys the fine print

That pipeline spill in Arkansas?  It's being cleaned up by a federal fund specifically designed for the such spills, the imaginatively-named Oil Spill Liability Trust Fund. The fund is, in turn, paid for (quite logically) through a tax on piped oil.

Except that the type of heavy crude / diluted bitumen Exxon was pumping is not considered "oil" under the fund's 1980 guidelines. So Exxon didn't pay in any money for cleaning the stuff that, eventually, spilled.

Oh, and the stuff to be sent through Keystone XL pipeline? It's the same sort of material, and will have the same exemption from being taxed for any potential clean-ups. Sounds like a sweet deal to me!

Reshared post from +Think Progress

🙁

Exxon’s Duck-Killing Pipeline Won’t Pay Taxes To Oil Spill Cleanup Fund
A technicality has spared Exxon from having to pay any money into the fund that will be covering most of the clean up costs of its Arkansas pipeline spill. The cleanup efforts themselves took a soberi…

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