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5 December 2013 11:26 am ,
Vol. 342 ,
An animal rights group known as the Nonhuman Rights Project filed lawsuits in three New York courts this week in an...
Researchers have been hot on the trail of the elusive Denisovans, a type of ancient human known only by their DNA and...
Thousands of scientists in the Russian Academy of Sciences (RAS) are about to lose their jobs as a result of the...
Dyslexia, a learning disability that hinders reading, hasn't been associated with deficits in vision, hearing, or...
Exotic, elusive, and dangerous, snakes have fascinated humankind for millennia. They can be hard to find, yet their...
Researchers have sequenced and analyzed the first two snake genomes, which represent two evolutionary extremes. The...
Snake venoms are remarkably complex mixtures that can stun or kill prey within minutes. But more and more researchers...
At age 30, Dutch biologist Freek Vonk has built up a respectable career as a snake scientist. But in his home country,...
- 5 December 2013 11:26 am , Vol. 342 , #6163
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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.