Posted on 12.23.21

$475M settlement proposed in longest-running US oil spill

Source: https://abcnews.go.com/, December 22, 2021
By: Janet McConnaughey

A New Orleans-based oil company has agreed to turn over a $432 million cleanup trust fund and pay an additional $43 million to settle a federal lawsuit over cleaning up abandoned wells leaking since 2004, federal prosecutors said Wednesday.

“This settlement represents an important down payment to address impacts from the longest-running oil spill in U.S. history,” Nicole LeBoeuf, director of the National Oceanic and Atmospheric Agency’s National Ocean Service, said in a news release from the U.S. Department of Justice. Read more.

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