Oil Companies Pay a Pittance in Penalties to Offshore Drilling Regulator by Marian Wang, ProPublica

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In an analysis of civil penalties levied by the regulator, ProPublica found that over the past 12 years the average penalty has been $45,000. Currently, MMS can fine oil and gas companies a maximum of $35,000 per violation per day [3] (PDF). The biggest fine an oil company has paid to the agency since 1998 was $810,000, paid in 2001 by Chevron. Overall, the Minerals Management Service has collected $20 million.

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)