A settlement in the 2007 oil spill in San Francisco Bay was announced last month regarding the owners and operators of a ship, the M/V Cosco Busan. The settlement resolves all natural resource damages, penalties and response costs that resulted from the ship striking the San Francisco-Oakland Bay Bridge on November 7, 2007, and from the subsequent oil spill in the bay. California Attorney General Kamala D. Harris was joined by federal, state, and San Francisco Bay Area officials to announce the settlement. The event killed thousands of birds, impacted a significant portion of the Bay’s 2008 herring spawn, spoiled miles of shoreline habitat and closed the Bay and area beaches to recreation and fishing. Attorney General Harris said in a statement:
This Bay is the jewel of the San Francisco region and the Cosco Busan oil spill left a lasting scar across our water, natural habitats and wildlife. This settlement will allow all of these precious resources to be restored to their original health and beauty.
The U.S. Department of Justice, the State of California, the city and county of San Francisco, and the city of Richmond, Calif. filed a consent decree that requires M/V Cosco Busan owner-operators Regal Stone Limited and Fleet Management Ltd. to pay $44.4 million for natural resource damages and penalties and to reimburse the governmental entities for response costs incurred as a result of the 53,000 gallon oil spill that occurred when the vessel struck the San Francisco-Oakland Bay Bridge.
Source: Insurance Journal
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