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Rep. Richmond Responds to Transocean Civil Settlement

Statement

By:
Date:
Location: Washington, DC

Today, Rep. Richmond issued the following statement in response to the decision by Transocean Deepwater Inc. to plead guilty to violating the Clean Water Act (CWA) and pay $1.4 billion in civil and criminal fines.

"I hope that today's settlement continues the long process of healing for those that lost loved ones, the residents of the Gulf States and the environment damaged by this disaster," said Rep. Richmond. "The fines and guilty plea secured by the Department of Justice holds accountable those responsible for one of the worst man-made disasters in history."

"By sending the vast majority of the $1.4 billion in fines to the areas damaged by the oil, we will rebuild and protect one of the most important ecosystems in the country. This settlement is extremely important because 80 percent of the Clean Water Act fines will be sent directly to the states hardest hit by the oil spill pursuant to the RESTORE Act. This means that tens of millions of dollars for wetlands restoration will be quickly sent to the state of Louisiana. So today is another reminder that our work in Congress to pass the RESTORE Act is paying huge dividends."

"Also, by putting in place new safety measures, I'm pleased that this agreement will make deepwater energy exploration safer and prevent a disaster of this magnitude from ever happening again."


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