Psssssssssst! Halliburton reaches $1.1bn settlement over Deepwater Horizon oil spill

[malaise]

http://www.theguardian.com/environment/2014/sep/02/halliburton-11bn-settlement-deepwater-horizon-spill
<snip>
Halliburton Co, North America’s top oilfield services provider, said it reached a $1.1bn settlement for a majority of claims related to its role in BP’s fatal oil spill in the Gulf of Mexico in 2010.

The settlement, which includes legal fees, is subject to approval by the US District Court for the Eastern District of Louisiana, Halliburton said.

The amount, to be paid in three installments over the next two years, will be put into a trust until all appeals are resolved, the company said.

“We think this is a smart move by Halliburton,” Stewart Glickman, an equity analyst at S&P Capital IQ told Reuters. “While state claims by Louisiana and Alabama remain, we think this trims legal overhang.”

Halliburton provided the cement intended to seal the well in the event of a disaster. The company has since been embroiled in an ongoing series of legal actions related to the Deepwater Horizon disaster, which resulted in 11 deaths and discharged an estimated 4.9m barrels of oil into the Gulf of Mexico.

[Lint Head]

1. Halliburton should not be allowed to do business as a single entity any longer. The company should b

dissolved and absorbed by other companies and the heads of the company during the oil spill should be in jail.

[malaise]

2. We can dream

It won't happen

[xfundy]

3. Drop in the bucket.

Cheney's company can go to hell. Oh, wait, they helped create it on earth.

[LiberalAndProud]

4. Well, that's that then.

I wonder if these guys will notice.

[font size="1"]

Beginning before the oil spill in February 2010 through December 2012, 817 bottlenose dolphin deaths were documented, compared with about 100 per year between 2002 and 2009.
http://www.sciencedaily.com/releases/2013/07/130710122004.htm

[/font]

[CaliforniaPeggy]

5. That's the smallest amount they should pay, given the damage they caused.

Bastards, all of them.



K&R

[malaise]

6. Agreed