Wednesday, May 26, 2010

Transocean doesn't want to pay for cleanup

Transocean wants to limit its liability in the Deepwater Horizion Gulf oil disaster to the value of their interest, some $26,000,000. Transocean profits from the risk they impose on the community so the value should be across their business, their $1b in net profit or their $11.6b in revenue.

http://phx.corporate-ir.net/phoenix.zhtml?c=113031&p=irol-newsArticle_print&ID=1426526&highlight=

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