24°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Settlement talks continue in suit over 13-year-old oil leak

2 months 2 weeks 1 day ago Thursday, November 02 2017 Nov 2, 2017 November 02, 2017 12:09 PM November 02, 2017 in News
Source: Associated Press
By: Associated Press
BATON ROUGE- A company that has failed to stop a 13-year-old oil leak in the Gulf of Mexico is asking for more time to negotiate a settlement that could allow it to recover millions of dollars it set aside for work to end the leak.
  
A court filing Thursday says Taylor Energy Co. representatives and U.S. officials have met four times in the past year to discuss possible terms of a settlement that would resolve its lawsuit against the federal government.
  
Justice Department attorneys joined the company in asking a federal judge for more time to negotiate.
  
Taylor Energy claims regulators violated an agreement requiring the company to deposit approximately $666 million in a trust to pay for leak response work. The company argued the government must return the remaining $432 million.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days