Environment & Energy

xchrom

(108,903 posts) Fri Jan 4, 2013, 08:02 AM Jan 2013

Transocean agrees to pay $1.4bn oil spill fine

http://www.bbc.co.uk/news/business-20905472

Transocean, which owned the Deepwater Horizon oil rig, has agreed to a settlement with the US government.

The Swiss-based company will pay $400m (£248m) in criminal penalties and a $1bn civil fine after pleading guilty to violating the Clean Water Act.

The rig, which was leased by BP, exploded on 20 April 2010, killing 11 workers.

The oil spill damaged the Gulf of Mexico coast causing one of the biggest environmental disasters in US history.

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Transocean agrees to pay $1.4bn oil spill fine (Original Post) xchrom Jan 2013 OP

Also see ... Nihil Jan 2013 #1

Nihil

(13,508 posts)

1. Also see ...

Reply to xchrom (Original post)

Mon Jan 7, 2013, 08:33 AM

Jan 2013

http://www.democraticunderground.com/112732261

> Transocean, owner of the drilling rig that exploded, will now pay a total of $1.4 billion
> in civil and criminal fines and penalties—an amount Sierra Club called "wholly inadequate"
> in relation to the massive amounts of environmental degradation and the loss of human
> lives resulting from the massive disaster.

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