Mitsui settles US Macondo liability

Settled: Mitsui to pay $90 million to US to settle Macondo liability

REUTERS

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Luke Johnson

 17 February 2012 19:32 GMT

Japanese Macondo partner Mitsui has agreed to pay $90 million to settle its liability in the Deepwater Horizon oil spill in the Gulf of Mexico, the Department of Justice said on Friday.



The settlement requires Mitsui to pay $70 million in civil penalties for alleged violations of the Clean Water Act, as well as another $20 million to facilitate land acquisition projects and environmental clean-up in several Gulf states, DOJ said in a release on Friday.

“The Department of Justice has not wavered in its commitment to hold all responsible parties fully accountable for what stands as the largest oil spill in US history,” said attorney general Eric Holder. “This landmark settlement is an important step – but only a first step…

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