01-03-2013, 03:31 PM
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Site Admin
Join Date: Mar 2007
Location: New Orleans
Posts: 11,971
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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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