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Owner of Deepwater Horizon rig agrees to record $1.4bn in penalties, fines for Gulf oil spil

 
Sleeping Giant
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01/03/2013 06:03 PM
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Owner of Deepwater Horizon rig agrees to record $1.4bn in penalties, fines for Gulf oil spil
Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASEThursday, January 3, 2013

Transocean Agrees to Plead Guilty to Environmental Crime and Enter Civil Settlement to Resolve U.S. Clean Water Act Penalty Claims from Deepwater Horizon Incident
Transocean to Pay Record $1 Billion in Civil Penalties and $400 Million in Criminal Fines

WASHINGTON – Transocean Deepwater Inc. has agreed to plead guilty to violating the Clean Water Act (CWA) and to pay a total of $1.4 billion in civil and criminal fines and penalties, for its conduct in relation to the Deepwater Horizon disaster, the Department of Justice announced today. The criminal information and a proposed partial civil consent decree to resolve the U.S. government’s civil penalty claims against Transocean Deepwater Inc. and related entities were filed today in U.S. District Court in the Eastern District of Louisiana.

Transocean Deepwater Inc. has signed a cooperation and guilty plea agreement with the government, also filed today, admitting its criminal conduct. As part of the plea agreement, Transocean Deepwater Inc. has agreed, subject to the court’s approval, to pay $400 million in criminal fines and penalties and to continue its on-going cooperation in the government’s criminal investigation. In addition, pursuant to the terms of a proposed partial civil consent decree also lodged with the court today, Transocean Ocean Holdings LLC, Transocean Offshore Deepwater Drilling Inc., Transocean Deepwater Inc. and Triton Asset Leasing GMBH have agreed to pay an additional $1 billion to resolve federal Clean Water Act civil penalty claims for the massive, three-month-long oil spill at the Macondo Well and the Transocean drilling rig Deepwater Horizon. Under the civil settlement, the Transocean defendants also must implement court-enforceable measures to improve the operational safety and emergency response capabilities at all their drilling rigs working in waters of the United States.

[link to www.justice.gov]
The hour has already come for you to wake up from your slumber, because our salvation is nearer now than when we first believed. Romans 13:11

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

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Sleeping Giant (OP)

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Re: Owner of Deepwater Horizon rig agrees to record $1.4bn in penalties, fines for Gulf oil spil
bump
The hour has already come for you to wake up from your slumber, because our salvation is nearer now than when we first believed. Romans 13:11

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)

User ID: 31159620
United States
01/03/2013 09:04 PM
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Re: Owner of Deepwater Horizon rig agrees to record $1.4bn in penalties, fines for Gulf oil spil
bump
 Quoting: Sleeping Giant


one last
The hour has already come for you to wake up from your slumber, because our salvation is nearer now than when we first believed. Romans 13:11

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you

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