(Bloomberg) — BP Plc, which pleaded guilty to criminal charges after the worst U.S. oil spill in 2010, will be temporarily suspended from winning new contracts from the federal government, the U.S. Environmental Protection Agency said in a statement today.
The EPA said the ban was imposed because the company’s conduct during the Deepwater Horizon disaster showed a lack of integrity. The action, which doesn’t affect existing contracts, will stand until BP can demonstrate it meets business standards set by the government, the EPA said.
BP is one of the largest suppliers of fuel to the U.S. Department of Defense.
Shares in BP slumped as much as 2.9 percent to 418.7 pence in London trading after the announcement.
BP spokesman David Nicholas couldn’t immediately comment on the statement.
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
April 19 (Reuters) – A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
April 19, 2024
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