Transocean Gets Second Highest Fine In U.S. History, Behind BP
Description: Transocean Deepwater Inc. fell second in line behind BP today for the second largest environmental fine in U.S. History. Both fines are the result of both companies involvement in the explosion aboard the Deepwater Horizon oil spill, that resulted in eleven deaths and almost five million barrels of oil spilling into the Gulf of Mexico. Transocean has been ordered to pay $400 million in penalties for violating the Clean Water Act. BP was ordered to pay $4 billion.
Most of the money will be used for restoration purposes.
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