BP accepts blame for US disasters, agrees to $373 mln in fines
BP pleads guilty to Texas explosion felony, Alaska oil leaks and market rigging.
The oil company BP Thursday accepted blame for failures to protect employees, the environment and consumers as it agreed to hand over a total of $373 million to settle a string of criminal investigations into its conduct across America. In an apparent effort to put lapses under the leadership of Lord Browne behind it, BP struck a broad deal with the US Department of Justice to address the catastrophic 2005 explosion at its Texas City refinery, last year’s oil leaks from an Alaskan pipeline and a pattern of manipulation of propane prices by BP’s commodity traders.
In Washington, D.C., officials from six US law enforcement bodies gathered to announce the company’s guilty pleas. The acting attorney general, Peter Keisler, said the deal demonstrated the US government’s commitment to enforce laws to protect the integrity of both financial markets and the environment. (freeinternetpress)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.