Environmental
Nov. 30, 2011
EPA fines BP subsidiaries
The federal Environmental Protection Agency announced Tuesday it has fined several subsidiaries of oil giant BP America Inc. saying they failed to provide adequate financial assurances to cover cleanup costs for contaminated drinking water, Superfund sites and hazardous waste facilities.
By Fiona Smith
Daily Journal Staff Writer
The federal Environmental Protection Agency announced Tuesday it has fined several subsidiaries of oil giant BP America Inc. saying they failed to provide adequate financial assurances to cover cleanup costs for contaminated drinking water, Superfund sites and hazardous waste facilities.
As part of the settlement agreement, the subsidiaries will pay $426,500 in penalties and secure $240 million in funds through letters of cr...
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