Regulation & law · 09/01/2012

Shell Oil Agrees to Pay $1.4 Million Fine for Oil Spill, Sets Up $90 Million Trust Fund

Royal Dutch Shell has agreed to pay a $1.4 million fine and set up a $90 million trust fund to settle a lawsuit related to an oil spill in the Gulf of Mexico, as outlined in a consent decree filed under the Oil Pollution Act of 1990.