The Hill
Taylor Energy, the company behind the United State’s longest-running oil spill, has agreed to pay more than $43 million in removal costs, civil penalties and natural resource damages since its pipeline in the Gulf of Mexico began leaking in 2004.
Taylor Energy would also be transferring a $432 million trust fund to the Department of Interior, according to a proposed consent decree announced by the Department of Justice on Wednesday.
Additionally, the Louisiana gas and oil company is required under the settlement to dismiss three existing lawsuits it filed against the government. As a part of the settlement, Taylor Energy does not "admit any liability to the United States or the State arising out of the MC-20 Incident.”
