Taylor Energy, green groups nearing settlement for decade long oil spill


New Orleans-based Taylor Energy said Thursday it has reached a settlement for a slow motion oil leak in the Gulf of Mexico, but environmentalist groups involved in the deal have said a deal has not been finalized.

According to the AP , a federal court filing stated that Taylor agreed to make a $300,000 donation to the Louisiana Universities Marine Consortium and provide an additional $100,000 to fund research on the environmental impact of small, long term leaks in the U.S.Gulf.The company said it will also host a public forum and build a website with information about its spill response […]