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December 23, 2021

Taylor Energy Agrees to Pay $43 Million in Settlement over U.S.'s Longest-Ever Oil Spill
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The Justice Department said Louisiana-based Taylor Energy has agreed to
pay $43 million in damages and turn over a $432 million clean-up trust
fund for an oil leak in the Gulf of Mexico that has been spilling since
2004. The leak started after Hurricane Ivan caused a 40-story
oil-drilling platform to collapse. Taylor Energy also agreed to drop
legal challenges to government clean-up orders over the longest-running
spill in U.S. history, though it will not have to admit liability as
part of the settlement. A federal judge still has to approve the deal.


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