Halliburton To Pay $1.1 Billion In Damages
That is the settlement amount that Dick Cheney’s former company will have to pay in the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
[su_center_ad]
The settlement represents a small fraction of the damages paid out by the companies involved in the accident, which left 11 workers dead, spilled millions of gallons of oil into the gulf and soiled hundreds of miles of beaches. But it goes a long way toward resolving Halliburton’s exposure to liability claims.
Had the cement Halliburton mixed and applied to the well been sturdy enough, the worst offshore oil spill in American history would probably not have occurred, according to several studies of the accident. Four years after the disaster, Halliburton and BP continue to dispute which company was responsible for the faulty cement job.
The settlement agreement was long expected since the oil service company pleaded guilty to a criminal charge of destroying evidence last year. The company had set aside $1.3 billion to cover losses from litigation.[su_sky_ad]
tiredoftea September 3rd, 2014 at 12:27 pm
If corporations are people, my friend, why isn’t Halliburton, BP and the other companies involved, under criminal indictment for the deaths of the workers on the drilling rig?
M D Reese September 3rd, 2014 at 12:30 pm
A drop in their bucket. And they’ll probably keep it tied up in appeals until most of the victims are dead–that’s how they do it in Alaska anyway.
William September 3rd, 2014 at 12:35 pm
Pfffffft, chump change
Suzanne McFly September 3rd, 2014 at 7:48 pm
1.1 billion does not even scratch the surface of their profits unfortunately. Evil bastard has gotten away with murder and profited from it.
JamesMMartin September 4th, 2014 at 6:29 pm
This arsehole belongs in the penitentiary.
Rixar13 McGinnis September 3rd, 2014 at 1:39 pm
” The company had set aside $1.3 billion to cover losses from litigation.” Just a small price of doing business for this Halliburton profit center.
cwazycajun September 4th, 2014 at 10:25 am
and still no one goes to prison…but don’t be a black man walkin down the street cause that will get ya killed..or get busted for a 1/4 oz of pot
JamesMMartin September 4th, 2014 at 6:28 pm
A pittance. Oysters are sky high ’cause there aren’t many in the Gulf anymore and the ones they do get are often inedible. I think there should be a matching penalty assessed on Dick Cheney: he’s the one who profited from the award of military privatization contracts that went to Halliburton without competitive bidding. Cheney says his Halliburton stock was in a blind trust. Yeah, sure.