--- title: Anadarko Petroleum Largest Environmental Bankruptcy Settlement Ever description: The energy company will pay $5.15 billion canonical: https://time.com/49132/anadarko-petroleum-pollution-settlement/ author: Eliana Dockterman article:opinion: false article:content_tier: free article:published_time: 2014-04-03T23:20:04.000Z article:modified_time: 2026-02-21T07:07:59.731Z article:section: Science og:title: Anadarko Petroleum Largest Environmental Bankruptcy Settlement Ever og:description: The energy company will pay $5.15 billion og:url: https://time.com/49132/anadarko-petroleum-pollution-settlement/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltdbc76b5be6e99587/698688db13c79f648e1916ad/time-a-anadarko-polution-settlement-14.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: U.S. Attorney for the Southern District of New York Bharara speaks while flanked by U.S. Deputy Attorney General Cole as they announce a settlement with Anadarko Petroleum Corp in Washington og:type: article twitter:card: summary_large_image twitter:title: Anadarko Petroleum Largest Environmental Bankruptcy Settlement Ever twitter:description: The energy company will pay $5.15 billion twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltdbc76b5be6e99587/698688db13c79f648e1916ad/time-a-anadarko-polution-settlement-14.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Largest Environmental Bankruptcy Settlement Ever Announced by Anadarko Petroleum  by [Eliana Dockterman](https://time.com/author/eliana-dockterman/)  ## Eliana Dockterman Correspondent Apr 3, 2014 11:20 PM UTC  U.S. Attorney for the Southern District of New York Preet Bharara speaks while flanked by U.S. Deputy Attorney General James Cole as they announce a settlement with Anadarko Petroleum Corp at the Justice Department in Washington, April 3, 2014. U.S. Attorney for the Southern District of New York Preet Bharara speaks while flanked by U.S. Deputy Attorney General James Cole as they announce a settlement with Anadarko Petroleum Corp at the Justice Department in Washington, April 3, 2014.Jonathan Ernst—Reuters  by [Eliana Dockterman](https://time.com/author/eliana-dockterman/)  ## Eliana Dockterman Correspondent Apr 3, 2014 11:20 PM UTC Global energy company [Anadarko Petroleum Corp will pay $5.15 billion](http://www.reuters.com/article/2014/04/03/us-anadarko-pete-tronox-settlement-idUSBREA321PW20140403) to those who claim that pollution from the company’s uranium deposits, wood creosote and rocket fuel processing caused cancer and other health problems. The agreement, which was announced on Thursday, ends years of litigation and is the biggest environmental bankruptcy settlement ever, Reuters reports. The settlement still must be approved by a judge and a federal court after a 30-day public comment period. “Beyond the unprecedented magnitude of this recovery, the timing of the settlement was critical to ensure the money is promptly available to victims overdue for relief,” John Hueston, the trustee for the plaintiffs, said in a statement. U.S. Deputy Attorney General James Cole said in a news conference in Washington, D.C. that $4.4 billion of the settlement will go towards cleanup and environmental claims. Andarko said in a statement tat it would net $550 million in tax benefits from the agreement. \[[_Reuters_\]](http://www.reuters.com/article/2014/04/03/us-anadarko-pete-tronox-settlement-idUSBREA321PW20140403) ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/49132/anadarko-petroleum-pollution-settlement/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/49132/anadarko-petroleum-pollution-settlement/"},"headline":"Largest Environmental Bankruptcy Settlement Ever Announced by Anadarko Petroleum","datePublished":"2014-04-03T23:20:04.000Z","dateModified":"2026-02-21T07:07:59.731Z","description":"The environmental bankruptcy settlement involving Anadarko Petroleum Corp over pollution allegations is reported to be the largest ever","url":"https://time.com/49132/anadarko-petroleum-pollution-settlement/","keywords":["Environment","Pollution","Settlement"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltdbc76b5be6e99587/698688db13c79f648e1916ad/time-a-anadarko-polution-settlement-14.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Eliana Dockterman","jobTitle":"Correspondent","url":"https://time.com/author/eliana-dockterman/"}],"articleSection":"Science","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltdbc76b5be6e99587/698688db13c79f648e1916ad/time-a-anadarko-polution-settlement-14.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"U.S. Attorney for the Southern District of New York Bharara speaks while flanked by U.S. Deputy Attorney General Cole as they announce a settlement with Anadarko Petroleum Corp in Washington","caption":"U.S. Attorney for the Southern District of New York Bharara speaks while flanked by U.S. Deputy Attorney General Cole as they announce a settlement with Anadarko Petroleum Corp in Washington","creditText":"Jonathan Ernst—Reuters","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/science/","name":"Science"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/environment/","name":"Environment"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/49132/anadarko-petroleum-pollution-settlement/","name":"Largest Environmental Bankruptcy Settlement Ever Announced by Anadarko Petroleum"}}]}] ```