Friday, October 1, 2010

BP (NYSE:BP) Settles with Government for $15 Million Over Texas City Refinery Pollutants

BP (NYSE:BP) reached a settlement with the U.S. government to pay a fine of $15 million for the release of pollutants at its troubled Texas City Refinery.

That was a record fine at a single facility under the Clean Water Act.

Overall BP has now paid out a hefty $137 million in combined fines related to safety violations at the refinery.

Assistant administrator for EPA’s office of enforcement and compliance assurance, Cynthia Giles, said, “Today's settlement demonstrates the agency’s continuing commitment to actively and vigorously working to hold BP accountable and to make them comply with our nation’s environmental protection laws wherever the company operates.”

Since the 2005 explosion which killed 15 people and injured over 170, BP has spent $1.4 billion in corrective measures connected to the plant, and another half billion to improve safety.

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