Transocean agrees to pay $1.4bn oil spill fine

[Eugene]

Source: BBC

3 January 2013 Last updated at 18:29 GMT

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

[sakabatou]

1. Drop in the bucket

[AtheistCrusader]

2. What exactly was the criminal complaint against TransOcean?

IIRC, BP was criminally responsible for blowing the thing up, and this article doesn't specify...

[Neon2012]

3. They'll get it from in between the couch cushions.

[triplepoint]

4. Will ANYBODY Ever Go to Prison for ANY of THIS?

Last edited Fri Jan 4, 2013, 12:29 PM - Edit history (1)

or is that only for those that smoke the wacky weed and don't have the big bucks to
keep from going to prison? Environmental crimes can be paid off in cash instead of hard time. What a racket! Great way for a country to make some money...or so it seems.

[Nihil]

5. Bet it isn't going to be these guys ...

> Halliburton was now the only one of the contractors that had not yet settled
> with the Department of Justice.

See, all you have to do to stay out of prison smoking your "wacky weed"
is to bribe enough people in the government and give some petty cash to
DoJ every once in a while ...