Brazil - Chevron, the U.S. oil
giant, will have to pay a 50-million real (27-million American dollars) fine due to November
7th's oil spill. More fines may be imposed upon the company if a
federal investigation brings more issues to light.
The oil spill, which
occurred on November 7th,
was the result of what Chevron says was “wrongly estimating
pressure and rock strength in the reservoir.”
The
money from the fine, according to Brazil's Environment Minister Carlos Minc,
will “be used to overcome environmental problems caused by the
spill.”
While the fine seems high,
it is approximately three days worth of the oil pump's output.
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