Exxon Mobil

New Jersey's top financial officer says the state won't get to collect $225 million from the settlement of an environmental lawsuit against Exxon Mobil.

Democrats and environmentalists aren't happy that a court ruled the Exxon Mobil pollution case settlement is "fair, reasonable, in the public interest" and in accordance with the Spill Compensation and Control Act.  But why isn't $225 million enough?

While some politicians are trying to bash Governor Christie for "settling" in the deal with Exxon Mobil, here's why I think it's a good deal for the state.

NEWARK, N.J. (AP) -- Exxon's top lawyer says a heavily criticized $225 million pollution settlement with the state of New Jersey was reasonable and allowed both sides to move forward.

The price tag for cleaning up two petroleum refineries in northern New Jersey will cost Exxon Mobil much more than the $225 million settlement brokered by Gov. Chris Christie's administration, but critics of the proposal say it could be years until it's clear how much the company eventually will have to pay.

TRENTON, N.J. (AP) -- Details of New Jersey's proposed $225 million settlement with Exxon Mobil over pollution around refineries in Linden and Bayonne were posted online Monday, starting the clock on a legal process that will stretch into June and giving vocal opponents an opportunity to persuade a judge to kill the deal.

If the lawsuit settlement is a approved by a judge, New Jersey only has to use $50 million of the $225 million Exxon Mobil would have to pay the state to clean up land contamination.

New Jersey's state Senate has passed a resolution that calls for a judge to reject Gov. Chris Christie's $225 million settlement with Exxon Mobil.

Standing at the edge of a park that separates a blue-collar neighborhood of modest single-family homes from a highway and a former Exxon Mobil refinery site, Arlene Dudas pointed to a spot where kids used to skate on a frozen pond each winter. It's a spot she says she can't say for certain was left untouched by contamination from the refineries.

SOMERVILLE, N.J. (AP) -- Gov. Chris Christie on Tuesday defended a settlement with Exxon Mobil on a decade-old lawsuit for a fraction of the nearly $9 billion the state had sought for environmental damage, calling the deal "really good."