In what is surely a strong reminder to companies around the globe to comply with green regulations, oil giant ExxonMobil has been fined €3.3 million (approximately $4.4 million CAD) for failure to correctly report its carbon dioxide emissions from a Scottish chemical plant. This is the largest fine for an environmental offence in British history.
The fine was imposed by the Scottish Environment Protection Agency (SEPA) under the European Union Greenhouse Gas Emissions Trading Scheme (EU ETS) that came into effect in 2005. Under the EU ETS, companies which fail to report their greenhouse gas emissions can be fined €100 per tonne for unreported emissions.
The fine was imposed in 2010-11, but was only just revealed by SEPA when it published its 2010-2011 enforcement report.