December 23, 2021

The Justice Department reported that Louisiana-based Taylor Energy has agreed to pay $43 million in civil penalties and damages for a leak 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 platform was located roughly 10 miles off the Louisiana coast.

The leak started after Hurricane Ivan caused a 40-story oil-drilling platform to collapse 17 years ago sinking in a mudslide and breaking open a number of undersea wells. 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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