Transocean Deepwater Fined $400M For Violating Clean Water Act

By Igor Bobic

February 14, 2013 7:18 a.m.

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Transocean Deepwater Inc., owner of the Deepwater Horizon drilling rig, was fined $400 million on Thursday for violating the federal Clean Water Act in the April 2010 explosion that released 4.9 million barrels of oil into the Gulf of Mexico, the Times-Picayune reports. The company also will serve a five-year term of probation.

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Igor Bobic (@igorbobic) Igor Bobic is the assistant editor of Talking Points Memo, helping oversee the site's coverage of politics and policy in Washington. While originally from Bosnia and Herzegovina, Igor feels best at home on the beaches of Southern California. He can be reached at igor@talkingpointsmemo.com.

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