Government

Oil well penalties coming in handy

It seems that the Gulf Coast is getting more and more revenue from penalties resulting from the BP oil spill. Transocean Ltd., owner of the ill-fated Deepwater Horizon rig that was leased to BP when its macombo well erupted off the Louisiana coast in 2010, has agreed to pay $1.4 billion in civil and criminal fines for its role in the oil spill.

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