Feds Strike Deal With BP, Ending Gov't Contracts Ban

Law360, New York (March 13, 2014, 7:20 PM EDT) -- The U.S. Environmental Protection Agency on Thursday agreed to let BP PLC contract with the federal government again, lifting a ban that was enacted 16 months ago when the oil giant pled guilty to felony misconduct in a $4.5 billion settlement related to the Deepwater Horizon oil spill.

The agreement contains ethics and safety provisions and requires BP to retain an EPA-approved auditor to examine the company's performance. The EPA enacted the ban in late November 2012 after concluding that the oil giant's response to the...
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