Sunday, June 20, 2010

BP's sordid history from BBC

From BBC, the sordid history of BP's corruption:

In 2006, a US congressional hearing accused BP of "unacceptable" neglect of pipelines in Alaska after it was forced to shut down oil operations in Prudhoe Bay because of leaking pipes.

In 2007, the company was fined a total of $373m by the US Department of Justice for environmental crimes and committing fraud.

The fine included $50m relating to a Texas refinery explosion in 2005 that killed 15 people and injured 170 more.

The largest single fine of $303m related to a price manipulation scam in the propane market.

Last October, BP was fined a further $87m for failing to correct safety hazards at the Texas refinery.

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