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Petrofund News

Here is where we list news and information on Petrofund topics.

  • Governor Mark Dayton has appointed Vern Kelley to serve as the new Chair of the Petrofund Board. Mr. Kelley is President of Kelley Fuels, Inc., which is headquartered in Shakopee, MN, and serves as the petroleum industry member on the Petrofund Board. Mr. Kelley's term runs from December 12, 2013 to January 2, 2017.

  • 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.