BP Agrees To $85M Settlement In Alaska Spill Suit

Law360, New York (May 3, 2011, 2:42 PM EDT) -- Federal environmental regulators said Tuesday that a BP PLC subsidiary will pay a $25 million civil penalty and spend $60 million on safety upgrades to resolve litigation over pipeline spills that dumped more than 5,000 barrels of oil on Alaska's North Slope in 2006.

The penalty and other requirements in a proposed consent decree the parties filed in Alaska federal court follow a 2007 guilty plea by BP Exploration (Alaska) Inc. to a misdemeanor environmental crime over the Prudhoe Bay oil spill and an order to...
To view the full article, register now.