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Biden administration settles with Norfolk Southern for $310 million after Ohio train derailment

  • Norfolk Southern has agreed to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio, in February 2023.
  • The majority of the settlement, around $235 million, will cover past and future cleanup costs.
  • In addition to cleanup costs, Norfolk Southern will pay a $15 million civil penalty and $7 million for remediation projects to improve water quality.
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Forbes broke the news in United States on Thursday, May 23, 2024.
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