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Vol. 16, No. 49 Week of December 04, 2011
Providing coverage of Alaska and northern Canada's oil and gas industry


BP Alaska involved in big EPA settlement

Subsidiaries agree to pay $426,500 penalty, arrange ‘financial assurance’ to close and clean up contaminated industrial sites

Wesley Loy

For Petroleum News

BP Exploration (Alaska) Inc. is among several subsidiaries of BP America Inc. involved in a complex, multistate settlement of “financial assurance” violations with the U.S. Environmental Protection Agency. “Financial assurance protects taxpayers from having to foot the bill for costly cleanups,” Cyn....

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Terms of settlement


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