Senators demand Transocean investigation
Tags:Environment, Congress, Energy, Oil Spills, BP, Gulf Of Mexico, Transocean Listen Print Comment Email Subscribe By JAKE SHERMAN | 5/25/10 11:03 AM EDT Text Size- + reset
Transocean announced it will dole out $1 billion dividend payout, which triggered a call for inquiry.
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Eighteen Democratic senators have asked the Justice Department to investigate the operator of the Deepwater Horizon offshore drilling rig after the company announced it would dole out $1 billion to shareholders as oil continues to pour into the Gulf of Mexico.
Transocean, according to the letter from the senators, plans to distribute dividends to its stockholders. And the senators are concerned that the payments might make it harder to collect liability payouts related to the massive oil spill.
Transocean, according to the letter, also says it will make a $270 million profit on the in
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