Brazil Slaps Petrobras With Record Fine For Oil Spill

Wednesday, August 02, 2000
Brazil's government slapped state oil giant Petrobras with a record fine of nearly $100 million on Aug 1 for causing the country's worst oil spill in 25 years in a disastrous July pipeline rupture.

Environmental agency Ibama said the fine - the highest-ever imposed for damage to the ecosystem - was justified due to Petrobras' inability prevent a series of oil spills this year, considered a repeated offense by officials. Petrobras has caused four spills since January.

Petrobras' press office declined comment on the fine, saying only: "We have received (official notice of) the fine and we are studying it." The latest government sanctions against Petrobras came after a broken pipeline oozed a million gallons of crude down the Iguacu River in southern Brazil, contaminating ecological reserves on the banks of the river.

Environmental groups were unimpressed by the fine, saying it represented only a hiccup in the company's bulging profits and would do little to force it to step up prevention efforts. "Don't forget this is a company that turns out more than $60 million a day," said Greenpeace President Roberto Kishinami. "This is not going to change Petrobras' relationship with society, or compensate for the long-term damage to the environment."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Tideland Signal Acquires Julius Signal

Tideland Signal Corporation, now part of Xylem, has entered into a definitive agreement to acquire certain assets of Julius Signal, extending the company’s portfolio

North P&I Club Repots Positive Financial Performance

North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by $90 million to $428 million and deliver a combined ratio of 73.

Seaspan Responds to Canada’s NSS Announcement

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president

Offshore

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

Prosafe Appoints Interim Chairman of the Board

Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1163 sec (9 req/sec)