Thursday, January 3, 2013

Transocean To Pay $1.4 Billion In Gulf Oil Spill Settlement

National Public Radio: Transocean, the owner of the Deepwater Horizon rig where 11 men died in April 2010, has agreed to pay $1.4 billion in criminal and civil penalties to resolve Justice Department allegations over its role in the Gulf of Mexico oil spill. A Transocean subsidiary also agreed to plead guilty to a single criminal misdemeanor charge for violating the Clean Water Act. Federal authorities blamed the company for acting negligently when the rig's crew proceeded with maneuvers to the deep-sea well in the face...

URL: http://www.npr.org/blogs/thetwo-way/2013/01/03/168551216/transocean-to-pay-1-4-billion-in-gulf-oil-spill-settlement?ft=1&f=1025
Enclosure: http://media.npr.org/assets/img/2013/01/03/102021162_sq-b2cf694288d08544a5eb18edb87a56fdbebedca1-s2.jpg

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