Transocean set to pay $1.4 billion for role in 2010 Deepwater Horizon disaster |
| Washington Post - Jan 3, 2013 |
The owner of the drilling rig that exploded and led to the massive 2010 oil spill in the Gulf of Mexico will pay $1.4 billion in criminal and civil penalties, the Justice Department said Thursday.
Transocean Ltd. agreed to accept some responsibility for its role in the Gulf disaster, which took place after its Deepwater Horizon rig caught fire and killed 11 people. The company will pay $1 billion to resolve civil claims and $400 million in criminal penalties, and will plead guilty to one misdemeanor violation of the Clean Water Act.
Yet Transocean’s punishment was considerably smaller than that of BP, which was leasing the rig at the time of the blowout. BP has already agreed to pay $4.5 billion in penalties and has pleaded guilty to 11 felony counts of manslaughter and other criminal charges. The London-based oil giant also faces potentially billions of dollars in civil claims from the U.S. government.
Read Full Article from Washington Post
- Posted: 2013-01-03 21:18:48
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