UPDATE 2-Oil industry would pay $4 bln in House MTBE plan

Newswire

(Recasts, adds comment, details) WASHINGTON, July 22 (Reuters) - Makers and distributors of a water-fouling gasoline additive would pay about $4 billion into a fund over 12 years to clean up contamination under a deal proposed by some House Republicans on Friday. The fund would total up to $11.4 billion, with $4 billion in federal money, $4 billion from MTBE makers and distributors, and the rest from states. Rep. Joe Barton of Texas advanced the deal as a compromise that would allow ...

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