"Citgo to Settle New Hampshire Gas-Additive Lawsuit"

ExxonMobil is the last defendant in a landmark lawsuit in New Hampshire over contamination of drinking water withthe gasoline additive MTBE. Citgo is in talks to settle out of court.

"An ExxonMobil Corp. executive approved the use of an additive to gasoline despite a colleague's recommendation against using it because of the risk of well contamination, a New Hampshire jury was told.

Robert Larkins, a former vice president of marketing for Exxon in the 1980s, testified today in a recorded deposition played in state court.

"She did not say that you cannot or should not put it in there," said Larkins, who is retired, referring to a colleague's memo about methyl tertiary butyl ether, or MTBE. "She said there were some concerns, and she recommended against it. Many recommendations are not followed in an organization." "

Sarah Earle and Don Jeffrey report for Bloomberg January 24, 2013.

Source: Bloomberg, 01/25/2013