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17 April 2014 12:48 pm ,
Vol. 344 ,
Officials last week revealed that the U.S. contribution to ITER could cost $3.9 billion by 2034—roughly four times the...
An experimental hepatitis B drug that looked safe in animal trials tragically killed five of 15 patients in 1993. Now,...
Using the two high-quality genomes that exist for Neandertals and Denisovans, researchers find clues to gene activity...
A new report from the Intergovernmental Panel on Climate Change (IPCC) concludes that humanity has done little to slow...
Astronomers have discovered an Earth-sized planet in the habitable zone of a red dwarf—a star cooler than the sun—500...
Three years ago, Jennifer Francis of Rutgers University proposed that a warming Arctic was altering the behavior of the...
- 17 April 2014 12:48 pm , Vol. 344 , #6181
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Second Oil Spill Settlement Adds to Gulf Coast Science and Restoration Funding
3 January 2013 3:10 pm
Gulf of Mexico science and restoration will get another chunk of cash from a second settlement of federal charges related to the 2010 Deepwater Horizon oil spill. Transocean Deepwater Inc., the company that operated the Deepwater Horizon drilling rig for oil giant BP, has agreed to pay $1.4 billion in civil and criminal fines and penalties for the spill, the U.S. Department of Justice announced today.
Transocean will pay a record $1 billion for violations of the Clean Water Act, 80% of which will be dedicated to economic and ecological restoration projects along the Gulf Coast under legislation approved last year by Congress.
The U.S. National Academy of Sciences (NAS) will get $150 million from the payout to help fund an independent, 30-year Gulf Coast research program created last November under a similar settlement with BP. The Transocean payment will bring total funding for the effort to $500 million, and "today's legal action will complete funding for the program," NAS officials said in a statement.
Transocean will also provide $150 million to the U.S. National Fish and Wildlife Foundation (NFWF) for ecological restoration projects along the Gulf. NFWF has already received $2.4 billion from the earlier BP settlement.
Both BP and Transocean are still facing further financial liability for the spill. Both companies will eventually be billed by the federal government for natural resource damages caused by the spill. And BP faces civil charges under the Clean Water Act that could produce fines totaling $5 billion to more than $20 billion, 80% of which would be dedicated to economic and ecological restoration along the Gulf Coast.