25 October 2007 23:58 [Source: ICIS news]
In response to charges, fines and consent settlements announced earlier on Thursday by the US Justice Department, the Environmental Protection Agency and four other federal enforcement offices, BP America Chairman Bob Malone said: “These agreements are an admission that, in these instances, our operations failed to meet our own standards and the requirements of the law.”
“For that, we apologize,” Malone said.
The federal criminal fines against BP included $50m for the March 2005
Malone said that in the
“If our approach to process safety and risk management had been more disciplined and comprehensive, this tragedy could have been prevented,” he said.
Justice Department and EPA officials said their criminal prosecution of BP for the
In the March and August 2006
“As a result, BP failed to take necessary actions” to prevent the spills, the company said.
The company also admitted that in April 2003 and February 2004 it manipulated or attempted to manipulate propane prices, actions for which the Justice Department assessed a $100m criminal penalty and a $125m civil fine along with nearly $80m in restitution payments.
“This settlement acknowledges our failure to adequately oversee our trading operation,” Malone said.
In connection with the
In announcing the criminal cases against BP, the Justice Department and EPA indicated they will seek criminal charges against future chemical industry or refinery accidents that result in fatalities or serious injuries.
($1 = €0.70)
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