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Petrofund News

Here is where we list news and information on Petrofund topics.

  • A law passed during the 2014 legislative session requires that for applications received on or after July 1, 2015, applicants for Petrofund reimbursement must submit their eligible costs within seven years of the date(s) the related work was performed.

  • Commerce Commissioner Mike Rothman in conjunction with Minnesota’s Petrofund Board filed a $25 million lawsuit against British Petroleum (BP) to recover money for claims paid to the company to clean up contamination from leaking petroleum storage tanks at service stations across the state. The lawsuit comes at the end of a lengthy investigation conducted by the Commerce Department looking into the company’s dealings with the Petrofund. A copy of the press release and a link to the complaint can be found at here.