Taylor Energy agrees to pay $43 million in settlement over U.S.’s longest-ever oil spill

Eldonita de Ed Newman
2021-12-27 12:27:15

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Taylor Energy agrees to pay $43 million in settlement over U.S.’s longest-ever oil spill

New Orleans, December 27 (RHC)-- The U.S. Justice Department said Louisiana-based Taylor Energy has agreed to pay $43 million in damages and turn over a $432 million clean-up trust fund for an oil leak in the Gulf of Mexico that has been spilling since 2004. 

The leak began after Hurricane Ivan caused a 40-story oil-drilling platform to collapse.  Taylor Energy also agreed to drop legal challenges to government clean-up orders over the longest-running spill in U.S. history, though it will not have to admit liability as part of the settlement.   A federal judge still has to approve the deal.



 



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