Plains All American Agrees to $230 Million Oil Spill Settlement

Plains All American Pipeline LP and Plains Pipeline LP will consent to paying $230 million under a settlement reached over a 2015 oil spill in California, but the companies also told a federal judge in the state that they don’t “endorse the content” of the plaintiffs’ filing for initial approval of the agreement.

Members of the fishing industry and property owners sued after an onshore pipeline at a beach in Santa Barbara County, Calif., ruptured and sent oil into the Pacific Ocean. The group says the oil spill affected fishing blocks and coastal properties.

Plains will pay $184 million to ...