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BP fined $373m by US government BP fined $373m by US government
(10 minutes later)
The US Department of Justice has fined oil giant BP $373m (£182m), for fraud and environmental violations. The US Department of Justice has fined oil giant BP $373m (£182m), for breaking environmental rules and committing fraud.
The fine includes a $50m punishment following a fatal Texas refinery explosion in 2005 that killed 15 people and injured 180 others.The fine includes a $50m punishment following a fatal Texas refinery explosion in 2005 that killed 15 people and injured 180 others.
That sum is the highest environmental fine of its kind. That sum is the highest fine of its kind under the Clean Air Act.
The DoJ has also made other allegations against the firm, including manipulating the price of propane as well as price inflation. The fraud charges relate to price manipulation between April 2003 and February 2004.
Four BP workers have also been indicted for mail and wire fraud.
Included in the fine is a $20m criminal fine to be paid to the state of Alaska and the National Fish and Wildlife Foundation after crude oil leaked from pipelines, harming the environment.
"The BP cases demonstrate our commitment to enforcing the laws that protect our environment, the safety of Americans, and the integrity of the marketplace," said Acting Attorney General Peter Keisler.