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Transocean to pay $1.4 billion in fines for 2010 oil disaster

this is a discussion within the NOLA Community Forum; 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. ...

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Old 01-03-2013, 03:31 PM   #1
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Transocean to pay $1.4 billion in fines for 2010 oil disaster

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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