October 25, 2007 / 6:48 PM / 12 years ago

FACTBOX - BP to pay 182 million pounds for U.S. violations

(Reuters) - British oil giant BP Plc will pay $373 million (182 million pounds) in fines and restitution to settle U.S. government charges related to a deadly explosion at the company’s Texas City oil refinery, leaks on its Alaska oil pipeline and propane market manipulation.

Following is a list of the company’s violations and penalties:

Texas City oil refinery explosion

* Refinery exploded in March 2005 killing 15 workers because of safety violations.

* BP will pay record $50 million criminal fine under the Clean Air Act and serve three years of probation.

Propane market manipulation

* Company cornered propane market in winter 2004, causing consumers in Midwest and Northeast to pay higher energy prices.

* BP will pay a $125 million civil penalty, $100 million criminal penalty, $53 million in restitution and $25 million for a consumer fraud fund.

Alaska oil pipeline leaks

* Company pipeline in Alaska leaked 200,000 gallons of oil in March 2006 and 1,000 gallons in August 2006.

* Government investigators found six inches of sediment in pipeline causing corrosion after company failed to maintain the pipeline.

* BP will pay $12 million criminal fine, $4 million in criminal restitution to Alaska, $4 million to National Fish and Wildlife Foundation and serve three years of probation.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below