Taylor Energy, Feds Reach $475M Settlement to Cleanup Longest-Running Oil Spill in U.S. History
By Space Coast Daily // December 21, 2021
wells have been leaking since 2004
(abcnews.com) – 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.
Attorneys for Taylor Oil Co., which agreed to drop three lawsuits challenging government cleanup orders and measures, did not immediately respond to an email requesting comment.
As is common in such agreements, the proposed settlement said Taylor does not admit any liability.
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