Here is where we list news and information on Petrofund topics.
The regular Petrofund Board meeting scheduled for Wednesday, September 10, 2014 has been cancelled. The next regular Petrofund Board meeting will be held on Wednesday, November 12, 2014. If you have any questions, please contact Petrofund Director Joel Fischer by phone at 651-539-1507 or by email at email@example.com.
A law passed this past legislative session requires that for applications received on or after July 1, 2015, applicants for Petrofund reimbursement must submit their eligible costs within seven years of the date(s) the related work was performed. This means that if you have eligible costs for corrective action work that was performed prior to July 1, 2008, you must submit an application for reimbursement of those costs to the Petrofund by June 30, 2015.
Sunco Petrofund Settlement Agreement (.pdf) - Commerce Commissioner Mike Rothman has finalized the fourth settlement agreement as part of an investigation of improper insurance claims made by oil companies to clean up contaminated sites. The $100,000 settlement with Sunoco and the previous settlements Chevron, Exxon Mobil, and ConocoPhillips total $7.525 million to be returned to Minnesota’s Petroleum Tank Release Cleanup Fund (Petrofund). In addition to the settlements that resulted from the investigation, Commissioner Rothman in conjunction with Minnesota’s Petrofund Board filed a $25 million lawsuit against British Petroleum (BP) earlier this year to recover money for claims paid to the company to clean up contamination from leaking petroleum storage tanks at service stations across the state.
Governor Mark Dayton has appointed William Hefner to serve as the new Public Member on the Petrofund Board. Mr. Hefner is a partner at the Environmental Law Group, Ltd. in Minneapolis, MN. Mr. Hefner's term runs from June 30, 2014 to January 1, 2018.
Commerce Commissioner Mike Rothman in conjunction with Minnesota’s Petrofund Board filed a $25 million lawsuit against British Petroleum (BP) to recover money for claims paid to the company to clean up contamination from leaking petroleum storage tanks at service stations across the state. The lawsuit comes at the end of a lengthy investigation conducted by the Commerce Department looking into the company’s dealings with the Petrofund. A copy of the press release and a link to the complaint can be found at here.