Environmental groups say settlement not final in Gulf oil leak lawsuit
NEW ORLEANS - Environmental groups say they're pleased at the progress of talks with a New Orleans company that has failed to end a decade-old oil leak in the Gulf of Mexico, but it's too early to talk about potential settlements.
Taylor Energy Co. said Thursday it has reached a settlement, and has agreed to spend $400,000 to foster coastal research, to host a public forum and to publish a website with information about the company's spill response.
Waterkeeper Alliance, Apalachicola Riverkeeper and the Louisiana Environmental Action Network say in a joint statement that they have a "conceptual agreement" with Taylor, but nothing's final.
They say they won't talk about details until a settlement is signed.
The groups sued Taylor Energy in 2012, accusing it of withholding information about the leak's potential impact on the Gulf.