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TxDOT to Hold Public Meetings This Week to Discuss Highly Trafficked Roads 6/16/13
Transocean's $1.4B Oil Spill Deal Will Help Gulf 1/4/13
Associated Press
January 4, 2013
NEW ORLEANS - A $1.4 billion settlement between the Justice Department
and Deepwater Horizon rig owner Transocean Ltd. will pump hundreds of millions
of dollars into projects designed to help the Gulf Coast recover from the
nation's largest offshore oil spill.
U.S. Democratic Sen. Mary Landrieu of Louisiana said the settlement
announced Thursday will dedicate $800 million of the civil penalty and $300
million of criminal penalty to coastal protection and restoration work. Other
settlement funds will support spill-prevention research and training.
U.S. Republican Sen. David Vitter of Louisiana said he hopes it leads to
"much bigger final action with BP, the main culprit in this horrible disaster."
BP PLC leased the rig from Transocean. It already has agreed to pay $4.5
billion in penalties and plead guilty to criminal charges.