Iguacu River News

Brazil Slaps Petrobras With Record Fine For Oil Spill

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. 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.