Environmental Protection Agency officials are reviewing BP’s troubled record of drilling for oil on U.S. soil and federal waters to determine whether the company should be barred from receiving government contracts. Such a move, if it comes to pass, could cost the company billions of dollars in revenue. Throughout the last decade, BP has paid several million dollars in fines to U.S. regulatory agencies and has been implicated in four instances of criminal misconduct. However, the oil industry’s “cozy relationship,” with the Minerals Management Service, as President Obama put it, may have shielded BP from actions harsher than token fines. ... Read More
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