Formosa Plastics agrees to pay $50M for Texas Gulf pollution

POINT COMFORT, Texas (AP) — Formosa Plastics Corp. has agreed to pay $50 million to settle allegations that a company plant in Texas spilled tons of pellets into waterways near the Gulf of Mexico.
Texas RioGrande Legal Aid on Tuesday announced the agreement involving the Formosa plant in Point Comfort. A judge in Houston will consider approving the settlement, to be paid over five years into a fund supporting environmental water projects.
U.S. District Judge Kenneth Hoyt in June ruled in f