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admin 01-03-2013 03:31 PM

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 ]

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