Transocean to pay $1.4 billion in fines for 2010 oil disaster
http://www.bestofneworleans.com/imag...terhorizon.jpg Transocean Deepwater Inc. has agreed to pay $400 million in criminal fines and penalties and, within the terms of a proposed partial consent decree, $1 billion for Clean Water Act violations for its role in the 2010 Gulf oil disaster.
The order mandates $150 million of the $400 million will be dedicated to "acquiring, restoring, preserving and conserving" marine and coastal environments and wildlife habitat along the Gulf of Mexico, and a portion will also benefit barrier island restoration and wetland restoration along Louisiana.? [ Read more ]
[ Subscribe to the comments on this story ]
|All times are GMT -5. The time now is 11:47 PM.|
Copyright 1997 - 2014 - BlackandGold.com