Getting your player ready...
WASHINGTON — Exxon Mobil and Interior Secretary Ken Salazar agreed to settle a lawsuit in which the world’s largest publicly traded oil company challenged the government’s decision to cancel offshore leases that may yield “billions of barrels of oil,” according to a court filing.
The accord “will allow Exxon Mobil to develop this very large, but technically challenging, resource as quickly as possible using a phased approach,” Patrick McGinn, a spokesman for Exxon, said Friday.
