BP now holds the record for oil spills in two of the major producing regions of the US – Alaska’s Prudhoe Bay and the Gulf of Mexico. It was fined $20 million for the Prudhoe spill, which may seem like pocket change when the fines and economic damages for the Gulf spill are finally totaled. Actually, for a company like BP, $20-milion is pocket change.
Last week, BP agreed to pay $50.6 million in penalties for violations relating to a fatal exposition at its Texas City, Texas refinery. What links Texas City and Prudhoe is company mismanagement, negligence and violations of safety and health standards. The book is still open on the causes of the Gulf spill, but don’t bet against a similar indictment.
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