Energy company announces settlement in lawsuit over decade-old oil leak in Gulf of Mexico

Energy Associated Press

Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill.

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Taylor Energy Company said Thursday it has agreed under the settlement to spend $400,000 to foster coastal research and will host a public forum and publish a website with information on the company's spill response.

Environmental groups led by the Waterkeeper Alliance sued Taylor Energy in 2012, accusing it of withholding information about the leak's potential impact on the Gulf ecosystem.

The groups also argued that the public was entitled to know more about the company's government-supervised efforts to stop the leak, which was the subject of an Associated Press investigation in April.