Marine Link
Thursday, October 20, 2016

TotalFina's Spill Costs Rise

January 21, 2000

The oil spill from the Erika Tanker, chartered by TotalFina, has reportedly so far cost the company more than $123 million. The company announced Jan. 21 that it will pay $31 million to store and treat polluted sand on top of almost $78 million already earmarked for the spill. TotalFina has also contributed about $19 million to the oil industry compensation fund Fipol. TotalFina's contribution to the fund represents 10 percent of the $186 million Fipol will spend on repairing damage caused by the slick and compensating the local tourism and fishing industries.

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