Exxon Mobil Corp.p. has reached an agreement with New Jersey Governor Chris Christie’s environmental regulators to settle litigation about pollution released over decades by an oil refinery and petrochemical plant. Lawyers for Exxon and the New Jersey Department of Environmental Protection told a judge in a Feb. 20 letter they agreed to settle the decade-old litigation. The New York Times first reported the settlement, saying Exxon will pay $250 million, without identifying its sources. The state initially sought $8.9 billion, the paper reported. A consent decree outlining the agreement must be approved by a state judge, and isn’t yet publicly available, according to the letter. The settlement followed an eight-month trial last year on damages to the state for its loss of natural resources. Exxon and the state asked the judge hearing the case in Burlington County to hold off on a decision while they negotiated a […]