NEW ORLEANS – A U.S. District Court has accepted Transocean Deepwater Inc.’s guilty plea regarding violation of the Clean Water Act resulting from the Macondo incident in the Gulf of Mexico, and fined the company $400 million. Transocean also will be on five years of probation.
The court order calls for $150 million to go to “acquiring, restoring, preserving, and conserving … the habitat in the Gulf of Mexico” … and to “barrier island restoration and/or river diversion off the coast of Louisiana.”
An additional $150 million will be used to fund improved oil spill prevention and response efforts in the Gulf through research, development, education, and training.”
The National Academy of Sciences and National Fish and Wildlife Foundation will administer the fine payment.